Today's GuamHome September 2018 by Todays Realty

ISSUE 9

WHAT’S INSIDE Market Report Meet Our Agents Closed by Today’s Realty Just Listed On the Cover

Get Your Unit Back in Shape Contingencies

SEPTEMBER 2018

Contents W

elcome to the September 2018 issue of Today’s Guamhome newsletter.

It is our honor to present this collection of beautiful homes for your review.

02 03

Residential Market Snapshot from January 1, 2018 to September 1, 2018

Our team of over 20 agents and associate-brokers are all members of the Guam Association of REALTORS®, the National Association of REALTORS® and the Guam Multiple Listing Service (Guam MLS).

MEET OUR AGENTS

Our team at Today’s Realty has ranked #1 for many years running in top sales reported to the Guam MLS. Buyers, Sellers and Renters know when it’s time for real estate... It’s time for Today’s!

MARKET REPORT

We are never too busy for your referrals!

SOLD BY TODAY’S REALTY

ON THE COVER

A collection of recent homes sold by Today’s Realty

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

Private Beachfront Getaway

GET YOUR UNIT BACK IN SHAPE CONTINGENCIES

JUST LISTED

Recently listed properties in the market.

Today’s Realty agents and staff during our 2017 Christmas Party

FOR THOUSANDS OF LISTINGS VISIT

www.guamhome.com

Residential Market Snapshot January 1, 2018 - September 1, 2018

Single Family Homes

Condos • Apts • Townhomes

Homes Sold & Rented

276 Single family homes sold from January 1, 2018 thru September 1, 2018 vs. the 245 homes sold in 2017. However, the strength of the Guam real estate market continues to be residential rentals. Year to date saw an increase in the number of single family homes rented at 756 in 2018 and 573 in 2017. In 2018

Units Sold & Rented

151 Condominium transactions have been completed from January 1, 2018 thru September 1, 2018. Compare this to the 147 closings for the same period last year. Year to date saw a increase in the number of condominiums, townhomes, apartments rented from 519 in 2017 to current year at 787.

In 2017

In 2018

SOLD

RENTED

RENTED 0

100

200

300

400

500

600

700

800

100

In 2017

200

300

400

500

600

700

800

Average Sale & Rental Price Single Family Homes

Sales

The average year-to-date home price of $334,220 was signiﬁcantly higher than the $289,286 reported during the same period in 2017.

Rentals

Average single family monthly rentals so far this year increased from $1,655 last year to current year at $2,385.

Condos • Apts • Townhomes

Sales

The average condominium sale price of $248,569 in 2018 was higher than the $221,192 reported during the same period in 2017.

Rentals

The monthly rental rate for condominiums, townhomes, apartments decreased from $2,420 in 2017 to $1,692 for the same period in 2018.

Average Days in the Market Single Family Homes

Condos • Apts • Townhomes

Sales

Rentals

On average, single family home sales in Guam take about 4 months to sell from date listed to date closed. Compare this to the closings for the same period in 2017 at 5 months.

In 2018, single family home rentals in Guam took about 8 weeks from date listed to date closed. Compare this to the closings for the same period in 2017 at 8 weeks. Interest rates are still very attractive with ﬁxed rates hovering above four percent (4%). The inventory of homes on the market provides buyers with a good selection of properties to choose from. Coupled with low interest rates, it’s a great time to buy. ~ Anthony Godwin, Principal Broker

It took about 3 months to complete transactions in 2018. Compare this to the closings for the same period in 2017 at about 4 months.

In 2018, condominium rentals in Guam took about 8 weeks from date listed to date closed. Compare this to the 8 weeks for closings during the same period in 2017. *Statistics from Guam Multiple Listing Service from January 1, 2018 through September 1, 2018. **Statistics from Guam Multiple Listing (MLS) from January 1, 2017 through September 1, 2017. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed. Entire contents, including but not limited to, content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved.

MEET OUR AGENTS

Angie Camacho 671.687.0483

Anthony Balajadia 671.686.7173

Beverly Brady 671.688.8550

Carmen Mesa 671.777.6372

angie@guamhome.com

anthonyb@guamhome.com

beverly@guamhome.com

carmen@guamhome.com

Fiona Hocking 671.988.9982

Francine Bamba 671.727.8008

Hui Gallagher 671.689.4881

Janet Calvo 671.687.1841

fiona@guamhome.com

sissy@guamhome.com

hui@guamhome.com

janet@guamhome.com

Ray Rupley 671.685.5070

Sandy Yow 671.687.6006

Sharmila Sahni 671.483.7125

Shawntel Techaira 671.483.7368

ray@guamhome.com

Anthony Godwin 671.688.8198

anthony@guamhome.com Principal Broker | REALTORÂŽ

sandy@guamhome.com

sharmilasahni@yahoo.com

shawntel@guamhome.com

John Lin 671.688.8518

john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Chad Knapp 671.777.6520

Christine San Nicolas 671.682.2412 christine@guamhome.com

dennis@guamhome.com

duane@guamhome.com

Jeremy Looby 671.689.6100

Julie Paxton 671.687.6900

Kimberly Ada 671.489.5232

Michael Kumar 671.988.6900

chad@guamhome.com

Dennis Couzijn 671.727.3815

jeremy@guamhome.com

realestate@guam.net

kima@guamhome.com

Suzanne Naputi 671.482.6426

Vicki Anderson Estes 671.687.3558

Yumiko Blaisus 671.688.7791

suzanne@guamhome.com

vicki@guamhome.com

Duane Pahl 671.689.7777

michael@guamhome.com

yumiko@guamhome.com

Thinking about a career in real estate? We can help!

CLOSED BY TODAY’S REALTY

Santa Rita Home • $2,200/mo

Barrigada Home • $560,000

Days on market: 169 | MLS ID# 18-785

Days on market: 162 | MLS ID# 18-876

Talofofo Home • $2,205/mo

Barrigada Land • $2,880/mo

Days on market: 189 | MLS ID# 18-505

Days on market: 108 | MLS ID# 18-1695

Pacific Gardens Condo • $650/mo

Holiday Tower Condo • $2,450/mo

Days on market: 11 | MLS ID# 18-3340

Days on market:24 | MLS ID# 18-3141

A collection of recent properties closed by our REALTORS®

Business For Sale • $45,000

Mangilao Home • $2,200/mo

Days on market: 148 | MLS ID# 17-1118

Days on market: 124 | MLS ID# 18-1462

Harvest Gardens Condo • $1,500/mo

Talo Verde Estates Home • $870,000

Paradise Meadows Home • $2,450/mo

Tamuning Townhome • $2,100,000

Days on market: 99 | MLS ID# 18-1896

Days on market: 16 | MLS ID# 18-2990

Days on market: 108 | MLS ID# 18-1603

Days on market: 76 | MLS ID# 18-2114

ON THE COVER

477 Chalan Kanton Tasi, Agat, Guam For Rent $4,400/mo | MLS ID# 18-3181

Have you seen this yet? Living with this beach at your door step, the gorgeous yard, the private pavilions, the overall privacy, and the beauty of the island setting is unprecedented for a rental. This home is so close to Naval Station. Includes 4 bedrooms, 3 baths, plus a large room for gatherings, a bar, or home schooling! This is southern charm!

Get Your Unit Back in Shape Customer: I’m a new landlord and heard experiences of others when tenant ups and skips out. Sometimes leaving an un paid rental bill, and even worse, a unit left in terrible condition. Any tips on ways to get the unit back to good shape, and trying to save money at the same time? Duane: That’s a toughy! When the unit is left for dead, you just can’t believe someone would do that to your unit. But, it sometimes happens, so here are some ways to bring your unit back to life! If you’ve been a landlord for any period of time, you probably know exactly what I’m talking about. If not… don’t worry, you will. No matter how well we screen for the perfect tenant, you may still have a problem.

You can hire a local handyman to haul out the smelly carpet, the tenants junk, cockroach hotel, and do a quick cleaning of the place before you take over. It’s a win win for you and the people you hire.

You should be changing out the locks every time a tenant moves. After all, you don’t want to be responsible if a disgruntled tenant comes back to their old home and steals all the new tenant’s stuff. Tip on locks: by buying the same brand for all your locks, you can avoid having to change How to Get rid of the smelly smells out the “guts” of the lock, and simply replace the 1. Get rid of any soiled carpet and pad. This is knobs with two simple screws. the #1 biggest reason a place smells. 2. Bleach the floors with 1 cup of bleach per Mini Blinds gallon of water. Another inexpensive way to make your rental 3. You might want to replace with an affordable properties look great is using mini blinds. These tile, or laminate. Carpet is not ideal in the come in either white or tan and you can pick them tropics in my opinion. Don’t forget to check up for a decent price. I like to replace the blinds your sewer pipes, smells even come from often, as they are cheap way to make a unit look there! improved (and it’s often faster to replace than clean.) They take just a couple minutes to install Paint Color and will help your unit look more like a home 1. Choose colors that work for everyone. You when showing prospective tenants. can never go wrong with beiges and whites. 2. Don’t buy the most expensive paint. Each time your tenants leave you will want to paint, so use affordable paint, and you should put on at least 2 coats. Who ya’ 3. Try using a semi-gloss. It looks nice, and easier to clean off crayon marks. gonna call?

Perhaps you have a lot of money and can simply hire a contractor to come in and total remodel the place. Maybe you have a property manager who will take care of the problem. Great! However, that’s not like most of us and I often find myself with a hammer and bleach after a nasty tenant turnover. It’s not that I like doing it, but when contractor bids are coming in at thousands of dollars to get the property turned over, I can’t help but get in there and do what I can to save Patching Holes some money. 1. Holes in the walls? Holes in your garage door? Holes in the bedroom doors? Consider Hiring Out The Worst part of the job 2. Get a new door. Put a mirror on the door. Not Often times, people forget that it doesn’t need only does it cover the hole, it also makes to be “all or nothing” when deciding whether your hallway look larger. to DIY it or hire a contractor to fix the place up. Door Knobs

Contingencies Webster’s dictionary defines contingencies as: 1. Depending on the fulfillment of a condition. 2. a contingent event; conditional on something uncertain. 3. something incidental to another event. It is very common for an offer to purchase a property to contain one or more contingency’s. Let’s explore some of them!

along with all other expenses for which the buyer is liable. Sale of Current Home. The sale of the buyers current home is another very common contingency and one that can be a significant issue in a transaction depending on the current real estate market and how long houses are taking to sell. Your Realtor can guide you through the process and provide very valuable insight as to how much time it can take to sell the existing home and what amount of money you can expect to earn from the sale.

Status of Title. Another CONTINGENCY on a purchase agreement is for the buyer to review the title report issued by the title Loan Approval. If you are the seller, you should be aware that the buyers application company. Our title reports disclose items for the loan is not a guaranteed thing. Most that affect the property and you would want to make sure that there are no items that banks will issue the buyer a conditional approval that will give you some comfort that might affect your use of the property. For the buyer is qualified for the loan. However, example: this conditional loan approval also contains • If there is a lease on the property that CONTINGENCIES! The loan will certainly be does not expire for 10 years, it may conditioned upon proving that the buyers interfere with your plan to build your income is sufficient to repay the new loan,

Duane C. Pahl, R E A L T O R

671.689.7777 | duane@guamhome.com DuanePahl.com

dream home. • If there is an easement going through the middle of the property, it may also interfere with where you plan on building your dream house. The number of potential contingencies is as varied as each and every one of us and is unique to each situation. USE your REALTOR’s expertise to make informed decisions regarding contingencies in your real estate contracts! And remember the team at Security Title… our job is making sure you actually own the property you think you just bought!

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net | 671.647.8100

Finding simple solutions to complex real estate transactions.

LISTED BY TODAY’S REALTY 502 Fairway Drive, Yona For Rent $4,500/mo | MLS ID# 18-3370 GET READY TO MAKE YOUR MOVE! Indulge in luxury living in this FABULOUS custom-built exec home with majestic mountain & valley views in the Windward Hills Golf Course community! GORGEOUS entertainer’s home, inside & out!

743 Senator Gibson, Sinajana For Rent $2,200/mo | MLS ID# 18-3450

Four bedroom Sinajana rental just minutes to Naval Hospital and 15 minutes driving to Big Navy, located in a family oriented neighborhood. Owner will accept pets with pet deposit. Recently paint touched up. AC units in all rooms.

Serenu Avenue, Tamuining Land For Sale $1,500,000 | MLS ID# 18-3354

Check out this beautiful 2,324 +/- square meters of beachfront property! Think of all the possibilities you can build on this prime location. Subject lot is split zoned ‘’R-2’’ (Multi Family Dwelling) and ‘’C’’ (Commercial) Zone. Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of properties featured for Rent or Sale by our REALTORS® Buena Vista, Santa Rita Land

Malojloj Highway, Inarajan Land

Stunning mountain and valley views, close to golf courses, and the naval base. Ready to use blueprints make it easy to choose your home design in this southern hot spot! Power and water accessible.

In the middle of Talofofo and Inarajan Bay, this cliffline lot offers gorgeous valley and ocean views that would be incredible to wake up to everyday. 1,325+/-sm. A zoned.

For Sale $133,188 | MLS ID# 18-816

For Sale $100,000 | MLS ID# 18-3484

288 Magsaysay Street, Dededo For Sale $350,000 | MLS ID# 18-3355

Renovated, turn-key 3bd/2ba home. You MUST come see for YOURSELF! Imagine ALL pampering possibilities in the exquisite, luxurious master bath suite or cooking up a storm in the beautifully remodeled kitchen with higher-end stainless steel appliances.