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Guam’s Premier Real Estate Publication

FREE [June 2010]

Perezville Palace IBC

Market Report Investing in Guam The Marketing Mix Right Place, Right Time SELLING? RENTING? ASK YOUR REALTOR TO FEATURE IT IN THIS MAGAZINE. 472-3497 472-3497


CONTENTS

Message From GAR

Message from the President

Departments 6

10

Market Report Transaction Recovery Stalls Amid Build-Up Confusion Feature The Incentives to Investing in Guam

By Christopher Felix CPM,CIPS,CCIM

Back Cover

The Guam Chamber of Commerce highlights the

June 2010 • Vol. 3 • No. 6 benefits of investing in Guam.

18

From the Experts The Marketing Mix Applied to Real Estate

20

Profile Diane Licanto Lee

P.O. Box 24881 Barrigada, GU 96921 Tel: (671) 472-3495 | Fax: (671) 472-3498 email: office@yellowpagesink.com

|Publisher|

Right Place, Right Time

Julian T. Cooper-Nurse

|Business Sales Manager| Jay-R S. Dominguez

|Advertising/Sales| 22

Curb Appeal The Ultimate Selling Buzzword Common sense is the biggest

Carl Perez

|Traffic/Circulation Manager| Josie Redmond

|Production Manager| Mark S. Burke

asset when it comes to developing curb appeal.

24

How To D.I.Y. Quick Fixes for Leaking Pipes

29

Who Ya Gonna Call?

30

Classifieds

32

Closing Guam Association of Realtors®

|Production Assistant| Lynda Young

|Graphics & Layout| Mark S. Burke • Jon Barnhart

|Editorial Contributors| Faye Varias Creative Services Christopher Felix Daniel Calvo W. Nicholas Captain Peggy Araullo Llagas Cover Photo: Mark S. Burke

NAR on Appraisal CasaGuam is Published by:

W

ell, half the year has gone by already. It sure seems like a fast year for me. Business is slow but work seems harder than ever. It seems this year I have to work a lot harder to make the same money I made a few years ago. Well I hope this will all change next year with the Military buildup and construction projects that are planned. I believe we really need this buildup and construction and I believe we will solve our environmental problems and quality of living issues and end up in a much better economic and living conditions than we are right now. I know there will be some hassles and troubles, but we have had many of those over the last 35 years I have lived here and we have faced them and solved them. I think sometimes we focus too much on the negative impacts and problems and forget to remember the positive and good things that will also come our way and happen. I recently went to the states and Philippines and see how tough things are in those countries and how hard it is to get a job there. I keep getting letters for friends trying to come back to Guam from Vegas or Florida or California where they went 10-15 years ago to get jobs. Things here are rough but much better than in the states or other countries and I believe one of the main reasons is the Military spending and proposed buildup. A lot of money has already been spent and lot more is to come and this will help us get thru this world wide economic crisis. I honestly believe we will look back in 5 years and see how lucky we got. These thoughts are my own and not necessarily the belief or supported by the Guam Association of Realtors.

CasaGuam Advertising Disclaimer All Advertisers agree to hold the publisher harmless and indemnify it against any and all claims, losses, liabilities, damages, costs and expenses (including attorney’s fees) made against or incurred by the publisher, officers or employees with respect to, or arising out of, the content, text, graphics or representations of any ad published herein, including but not limited to the sole negligence and/or fault of the publisher. The publisher is not liable for any claims, losses or damages of any kind, arising from the wording, text, graphics or representations of any ad published herein, or the condition of the articles sold through the publication, or performance of services advertised in this publication. All advertising and/or performance of services advertising and/or submissions become wholly the property of CasaGuam Magazine. CasaGuam Magazine is a registered trademark of PTI Pacifica Inc. Copyright © 2008. All rights reserved. Reproduction in whole or in part in any form without the express written consent of the publisher is prohibited. We reserve the right to edit or refuse any ad and to reprint any photo for promotional use.

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Real Estate Listing By Village Looking for something in particular? See the listings index below to point you in the direction of a listing in this real estate guide that’s right for you. Simply look up the village, type of home or apartment and see the ad on the corresponding page number. Happy Home Hunting!

Commerical For Lease Hagåtña Century 21 Commonwealth Realty . . . . . . . . .16

Barrigada Century 21 Commonwealth Realty . . . . . . . . .16

Dededo Century 21 Commonwealth Realty . . . . . . . . .16

Century 21 Realty Management . . . . . . . . . .IFC BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Titan Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 For Sale By Owner . . . . . . . . . . . . . . . . . . . . . . . . .5 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . .5,8 Century 21 Commonwealth Realty . . . . . . . . .17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Mangilao BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Century 21 Commonwealth Realty . . . . . . . . .17

Century 21 Commonwealth Realty . . . . . . . . .16

Mongmong-Toto-Maite

Santa Rita RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Sinajana BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . . . . . .17

Titan Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

Talofofo Tamuning BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 Century 21 Commonwealth Realty . . . . . . . . .16

Multi-Family For Sale

Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Residential For Rent Agat RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .17

Inarajan

Asan

Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Century 21 Commonwealth Realty . . . . . . . . .16

Mangilao

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Century 21 Commonwealth Realty . . . . . . . . .17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Mongmong-Toto-Maite Century 21 Realty Management . . . . . . . . . .IFC Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .3 BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Titan Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . . . . . .17

Barrigada

Dededo RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .16

Inarajan Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC Century 21 Commonwealth Realty . . . . . . . . .16

Santa Rita

Century 21 Commonwealth Realty . . . . . . . . .16

Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Mongmong-Toto-Maite

Talofofo

RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5

BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Ordot-Chalan Pago

Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Century 21 Commonwealth Realty . . . . .13,17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Century 21 Realty Management . . . . . . . . . .IFC BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . . . . . .17

Tamuning BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . .13,17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Merizo

Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Piti The Real Estate Professionals . . . . . . . . . . . . . . .5 Century 21 Commonwealth Realty . . . . .13,16

Santa Rita Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Tumon

Residential For Sale Agat RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 The Real Estate Professionals . . . . . . . . . . . . . . .5 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .17

Asan

Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . . . . . .17

Barrigada

Barrigada

RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5 Century 21 Commonwealth Realty . . . . . . . . .13 Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . .13,17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

2 CasaGuam June 2010

Century 21 Commonwealth Realty . . . . .13,16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Mangilao

Yigo

Tamuning

Agat

For Sale By Owner . . . . . . . . . . . . . . . . . . . . . . . . .5 RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5

Ordot-Chalan Pago Century 21 Commonwealth Realty . . . . . . . . .16

Century 21 Commonwealth Realty . . . . . . . . .16

Ordot-Chalan Pago

RE/MAX Diamond Realty . . . . . . . . . . . . . . . . . . .5

Harmon

Agana Heights

Tamuning

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . .13,17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Century 21 Commonwealth Realty . . . . . . . . .16

Land For Sale

RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Tumon Hagåtña

BC - Back Cover

Dededo

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . . . . . .17

Commercial For Sale

IFC - Inside Front Cover

Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Piti

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . .13,16

IBC - Inside Back Cover

Dededo

Tamuning Tumon

FC - Front Cover

Century 21 Realty Management . . . . . . . . . .IFC Century 21 Commonwealth Realty . . . . . . . . .17 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Talofofo Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Yigo

Tamuning

Century 21 Realty Management . . . . . . . . . .IFC BHI Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 For Sale By Owner . . . . . . . . . . . . . . . . . . . . . . . . .5 RE/MAX Diamond Realty . . . . . . . . . . . . . .5,IBC MZ Homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .17 Today’s Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .BC

Century 21 Commonwealth Realty . . . . .13,16

Yona

Coral Sea Realty . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Century 21 Commonwealth Realty . . . . . . . . .16

Century 21 Realty Management . . . . . . . . . .IFC

Tumon Century 21 Commonwealth Realty . . . . . . . . .16

Yigo Titan Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 Century 21 Commonwealth Realty . . . . . . . . .16 RE/MAX Diamond Realty . . . . . . . . . . . . . . . .IBC

Yona


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Market Repor t

Transaction Recovery Stalls Amid Build-Up Confusion

By Nick Captain

A

fter three consecutive quarters of strong growth in sales volume, Guam's real estate market stalled during the first quarter of 2010. The most recent quarter reflected $63.7 million in activity, down 28 percent from the prior quarter, but up 76 percent compared to the global financial crisis-impacted first quarter of 2009. The stalled recovery is partially attributable to the on-going confusion and mixed signals from Japan regarding the military build-up. In the residential sector, the 135 single family units sold last quarter involves the second slowest quarterly activity in six years, and down by 17 percent compared with the prior quarter. However, based on historical trends, Captain Real Estate projects 20 percent growth for next quarter, or a more stabilized level of 162 units sold. Although transaction activity has declined, prices have remained relatively firm with the median house price of $221,000 reflecting the third highest average on record. The highend market reflected additional positive results with seven houses sold at prices above $500,000. A combination of more units sold and fewer units for sale reduced the high-end market inventory to 1.2 years, still relatively high, but the lowest high-end inventory statistic in years. Condominium unit sales activity also reflected mixed results with 48 units sold during the first quarter of 2010, approximating units sold last quarter, but up 19 percent from a year earlier. This sector recorded its fourth consecutive quarter of growth since the market bottomed in Q1 09. The 6 CasaGuam June 2010

condominium median price of $135,500 is effectively unchanged compared with the first quarters of 2006 and 2009. The high end condominium sector reflected additional positive momentum as 5 units sold at prices above $400,000. The commercial sector of Guam's real estate market remains extremely slow with only three recorded sales during the past quarter reflecting $2.3 million in aggregate transaction activity including zero sales of multi-family residential properties. This sector is dominated by a wait and see mindset with most investors optimistic regarding future market conditions. Land sales during the quarter were positively impacted by the massive

GWA connection fees that developers and owner-occupants rushed to beat. The negative impacts of these fees, which significantly increase the cost of homeownership, are likely to impact future statistics. Along with the dearth in commercial sales, commercial real estate lending plummeted in Q1 10. In a rare example of prevailing forces in this sector, First Commercial Bank earned 1st place with a $2.35 million deal with Six D Enterprises. 2nd place went to Bank Pacific with a $1.6 million deal and Bank of Guam recorded a $1.5 million mortgage. Other lenders with $1.0+ million real estate loans closed in the first quarter include First Hawaiian Bank, Coast

360, Community First, and ANZ. Overall real estate market conditions are improving and our projection of 25 percent growth in sales for 2010 remains unchanged; however, potentially massive infusions of foreign investment could impact final figures. Increased government fees and an end to the first time homebuyer tax credit are expected to negatively impact the residential sector although the recovery in the high-end sector is expected to continue along with demand growth from the first wave of military build-up related personnel. The commercial sector will likely remain soft until economic growth spurs increases in rent and occupancy levels.


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Feature

By Alex Salazar

10 CasaGuam June 2010


Feature Source: The Guam Chamber of Commerce

The Guam Chamber of Commerce highlights the benefits of investing in Guam.

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Feature hroughout the world people have awakened to the importance of the system of free enterprise‚— a system of private individuals working in the freedom of the market place in competition with each other, creating wealth and employment for society and providing the basis for stability. The private sector must find solutions for society’s needs. Proposals to encourage and enable more Guamanians to work, prosper, save, invest and realize their ambitions can only come from an organization that is free from bureaucracy and where every member has a say. The Guam Chamber is such an organization. Below are some pieces of information found on the chamber’s Web site which details the benefits of investing in Guam.

The Guam Visa Waiver Program was developed to enable Guam to draft its own requirements for admitting visitors from foreign countries. Residents of 15 different participating nations are allowed to travel to Guam as tourists or to conduct business up to a maximum stay of 14 days without having to obtain a visa. Countries currently in the Guam Visa Waiver Program include: Australia, Brunei, Burma, Indonesia, Japan, Korea, Malaysia, Nauru, New Zealand, Papua New Guinea, Singapore, Solomon Islands, United Kingdom, Hong Kong, Vanuatu and Western Samoa.

Incentives

Taxation

The Guam Economic Development Authority (GEDA) has a variety of tax incentives to encourage new investment to Guam. GEDA grants Qualifying Certificates to investors based on investment commitment and ability to generate new employment, replace imports, reduce consumer prices, or create vital new facilities. Qualified firms may receive:

The 23rd Guam Legislature is currently reviewing a bill (Bill No. 602) proposing tax incentives for developers of additional hotels, tourist facilities, and affordable housing units. The measure would allow gross receipts tax exemption for construction of these types of facilities and tax rebates of up to 50% not to exceed 5 years, plus rebates up to 25% not to exceed the next consecutive 5 years. Income tax rebates on certain gains of up to 50% are also provided for.

T

• 75% tax rebate on corporate income tax for up to 20 years; • Abatement on real property income taxes up to 10 years; • 75% rebate on corporate dividend tax up to 5 years; •s Abatement on gross receipts tax on petroleum and alcoholic beverages made in Guam up to 10 years.

Tourism Development

Insurance Industry Incentives Guam Public Law No.23-109 was introduced to broaden our economic base by capitalizing on Guam’s unique geographic location to become a financial/insurance capital of the Pacific. The measure authorizes the issuance of Qualifying Certificates for Guam insurers and clarifies the tax treatment of captive insurers. Companies locating their Pacific headquarters in Guam will be able to operate aggressively both outside of and within Guam without paying taxes on anything locally, while having an advantage of being located in a modern American community with some of the world’s finest communication tools, access to American courts and to the American and health systems and yet remain free of local taxes on their worldwide income.

Foreign Sales Corporations The Deficit Reduction Act of 1984 provided to U.S. manufacturers, architects and engineers, selling in foreign markets an opportunity to minimize the U.S. income tax on the profits of such sales. The law designated Guam, amongst certain other locations, a site for the establishment of Foreign Sales Corporations (FSCs) to facilitate the tax savings. The Government of Guam has provided local legislation in support of the Federal Act. GovGuam annual fees of $400 for a regular FSC (sales under $5 million per annum) and $1,000 for a large FSC (sales above $5 million per annum) are amongst the very lowest in the world. Professional legal and accounting support is also available at reasonable rates. Over 300 U.S. manufacturers have already established their FSC on Guam. Cost savings await other U.S. companies who see fit to establish their FSC within the Territory of Guam. 12 CasaGuam June 2010


Feature

Trade Incentives Headnote 3(A)—The General Headnote 3(a) program of the Tariff Schedules of the U.S. allows duty-free entry into the U.S. Customs Territory for those items manufactured or assembled in Guam that meet certain requirements that enable Guam to be considered the “country of origin”. Reduced Tariff Rate—Another trade incentive program allows products manufactured on Guam to be imported by participating nations at a reduced tariff rate. Guam is the beneficiary of the following countries: Japan, Australia and the European Common Market nations. Requirements of each participant vary and interested exporters should contact the appropriate trade office of the particular country of destination. The Guam Chamber of Commerce is a non-profit voluntary association of business and professional individuals and firms united in their desire to improve business and build a better social and economic community on Guam. CasaGuam.com 13


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Ordot-Chalan Pago - $75K 3,062.48sqm #10-1502

Inarajan - $80K 1,862sqm #09-3714

Laguina Estates, Yona $65K 1,903sqm #10-997

Tamuning - $276,500 1,106sqm #10-1443

Ordot-Chalan Pago - $450K 3,181sqm #10-1125

Mangilao - $120K 1,000sqm #10-1124

Talo Verde, Tam. - $900K 1,549sqm #10-1112

Dededo - $60K 2,075sqm #10-635

Barrigada - $545K 4,171sqm #10-987

Yigo - $65K 1,853sqm #10-1039

Yigo - $65K 1,853sqm #10-1038

Yigo - $195K 5,559sqm #10-1036

Dededo - $65K 1,957sqm #10-1000

Dededo - $70K 1,957sqm #10-999

Yona - $65K 1,903sqm #10-997

Tamuning - $260K 702.24sqm #10-843

Dededo - $45K 2,023sqm #10-824

Merizo - $250K 43,837sqm #10-622

Tamuning - $1.2M 3,818sqm #10-301

Yigo - $3,776,240 58,096sqm #07-328

Agana Heights $29K 686sqm #08-2077

Macheche Ded. - $100K 1,730sqm #09-2902

Yigo - $180K 7,407sqm #06-2108

Inarajan - $45K 2,280sqm #06-865

Yona - $80,145 1,781sqm #09-3328

Mangilao - $1.049M 10,000sqm #09-206

Yigo - $55K 1,417sqm #09-3041

Tumon - $8,386,470 9,423sqm #08-3021

Asan - $650K 7,984sqm #09-1983

Yigo - $55K 1,432sqm #09-1144

Piti - $498K 15,088sqm #09-264

Ipan-Talofofo - $575K 27,774.22sqm #07-3850

Tumon - $12,614,700 25,229sqm #06-3019

Tumon - $2,008,265 4,016.53sqm #06-3020

Dededo - $4,395/mo Warehouse Space #10-1638

Tumon - $2,000/mo Comm Space for Rent #10-1708

Tamuning - $1,417.50/mo Office Space #10-1578

Tamuning - $2,007.25/mo Office Space #10-1577

Hagatna - $900/mo Office Space #10-411

Barrigada - $1,500/mo Office Space #08-3294

Tamuning -$2,266.25/mo Tamuning - $1,272.50/mo Retail Space #10-1582 Office Space #10-1580

Dededo - $6,000/mo Office Space #10-1267

Hagatna - $6,270/mo Office Space #10-799

Tamuning - $4.5M Tamuning - $50K Businesses for Sale #09-2700 Comm. Bldgs for Sale #08-3898

Multi-Family

Land (House Lot & Investment) Commercial

Agat Lot - $648K 49,000sqm #10-1802

Tamuning - $1.2M #10-82

Bradley Place HagĂĽtĂąa $1.475M 18 Units #09-2306

Guevara Properties Ordot-Chn Pago $650K 6 Units #09-507

Carlos Heights Tam. $320K #08-2980


RENTALS

Sinajana - Beautiful 2-storey house with two-car carport, 3 bedrooms and two bathrooms, kitchen with center island stove top and lots of storage space, indoor laundry, and 45 kv full back up generator. $2,600 (10-1120) Yigo - Price Reduced!!!A charming 3BR/2BA home located in a Gated Subdivision in Yigo. Includes Ceramic tiles, refrigerator, stove with oveen, washer, dryer and accordion shutters. Minutes away from Air Force Base, Restaurants, Church, and Schools. A must see! Negotiable! $1,710 (10-1123)

Perezville-Tam. - $1.9M 5bd/5ba #10-1816

Villa de Oro-Mangilao MongMong-Toto-Maite $140K 3bd/2ba #10-1737 $225K 3bd/2.5ba #10-1725

Yigo - $129K 3bd/2ba #10-1724

Mangilao - Newly carpeted split level unit has lots of parking space in a quiet neighborhood. 1st floor is available for rent with one (1) covered carport. Managed by the owner herself, unit is well maintained and clean in all areas. Call you Agent to show you this unit. Laundry hook-up available outside the unit. $1,700 (10-1161) Agat- Charming 2 bedroom, 1 bathroom home nestled in the quiet village of Agat. This home has been remodeled and upgraded. Nice size lot with a stream in your backyard. Minutes from the Naval base and not far from downtown Hagatna. Southern comfort living is waiting for you. Call for an appointment today. $1,900 (10-1348) Dededo- Paradise Estate 4 br 3 ba house in an exclusive subdivision.Full power generator, water softner,stove,frig,dish washer, blinds double car garage. Asking$ 2,600/mo (10-1722)

Yigo - $129K 3bd/2ba #10-1723

San Vitores Terrace Tum Asentadu Villa Condo-Tam. $215K 3bd/2ba #10-918 $236K 3bd/2ba #10-1623

University Manor Condo-Mang. $69,950 2bd/1ba #10-1601

Dededo- Executive 2 story home 5br 4ba,carpet,ceramic tile,large living room,family room,Central A/C,fully fenced yard,great neighborhood,typhoon shutters,carport. Close to AAFB. Asking $2,000/Mo (10-1743) Mangilao- Newly renovated 1BA/1BR condo with security screen door, overlooking the pool. Unit is within walking distance from UOG and GCC. $600 (10-1154)

Villa I'Sabana Tumon Condo-Tam. $255K 3bd/2ba #10-1581

Yigo - $149,950 2bd/1ba #10-440

Dededo - $289K 3bd/2ba #10-1505

Oceanview Tumon Condos-Tum. $385K 3bd/2ba #10-1490

Tamuning - Section 8 Accepted for this 3BR/1BA unit, located on the 7th floor with partial oceanview. Starter unit for family with kids and centrally located in Tamuning. Unit comes with water, pool and coin operated laundry facility on the ground floor. 24 Hours security service. Call you agent and tell him/her to show you this unit. $1,254 (10-1209) Piti - Affordable 2BR/2BA in Piti. Close to many locations on island, these units are centrally located. Call for a showing today! $650 (10-1221) Dededo - Moments away from desirable destinations you would want to be at. Nice 3BR/2BA unit with very affordable price. Seek this and you will find yourself in a good living in this unit. $1,000 (10-1359)

Kaiser Dededo - $230K 5bd/4ba #10-35

Macheche-Ded. - $180K 3bd/2ba #10-1260

Tamuning - $225,667 3bd/2ba #10-1275

Liguan Terrace-Ded. - $260K 4bd/2ba #10-1110

Agat - $160K 2bd/1ba #10-1347

Dededo - $188K 4bd/2ba #10-1259

Villa Rosario Condo-Ded. $142K 3bd/2ba #10-712

Dededo - $320K 4bd/2.5ba #10-1258

Tamuning - This is a rare find for someone. This centrally located,furnished unit has much to offer with a walk in closet, back up generator, water filtration system, and water back up. Large living room and separate dinning room. Owner is very negotiable. Section 8 will be accepted. $1,200 (10-1411) Dededo - Price reduced!!!Here's a modern looking corner end unit in a beautiful subdivision in Dededo. With a nice yard space and completely renovated - new kitchen, new bathrooms, new carpet and new light fixtures. Amenities includes: yard maintenance, swimming pool, tennis court, playground and security guard. Includes basic cable. Minutes away from stores, restaurants, church, and Air Force Base. $1,710 (10-1484) Tumon - A beautifully upgraded 3bd/2ba unit, great location- in the heart of Tumon, walking distance to the pleasure island, beach, restaurants and bars. Very cozy, with newly renovated kitchen, fresh paint walls & excellent floor tiles. $2,200 (10-1492) Tamuning - An excellent unit with panoramic ocean view and fully furnished. This unit offers a pool, tennis court, exercise room and mail delivery. $1,600 (10-1500)

Barrigada - $350K 4bd/2.5ba #10-1163

Asan - $486K 4bd/3ba #10-1057

Asan - $429K 4bd/3ba #10-1055

Machananao-Ded - $175K 4bd/2ba #10-1048

Tumon - Ground floor unit; If you face the building, it's the unit on you right. Complex has a swimming pool, playarea for kids and mail delivery. $2,400 (10-1733) Tamuning - Nice unit for rent, recently renovated with new tiles, new kitchen countertops and cabinets. Great secure building with nice ameneties. $1,400 (10-1748)

Homes & Condos

Tamuning - Enjoy the view of the Ocean from this third floor, 2br. 2 ba unit in Tamuning. Each bedroom has a balcony. It is close to the entertainment, shopping and business centers. $1,000 (10-1817)

Oka Towers Condo-Tam San Vitores Garden Condo-Tum. $169,999 1bd/1ba #10-957 $186K 3bd/2ba #10-898

San Vitores Garden Condo-Tum. Perez Acres-Yigo - $220K $219K 3bd/2ba #10-691 3bd/1.5ba #10-428

Dededo - $335K 3bd/2ba #10-835

Barrigada - $265K 3bd/2ba #10-33

Mangilao - $263K 3bd/2.5ba #10-358

Takano Subdivision-Ded. $265K 4bd/2.5ba #09-3984

Sinajana - Exclusive executive Style 3 Bedroom 2 Bath at the Holiday Towers. Beautiful Views from Living and Bedrooms, Swimming Pool, Tennis/Basketball Court, Excercise Room, Security Survelience w/ Guard, Billiards, mail delivery, & many more amenities - Cable and Water included. $2,300 (10-1888) Yigo - Schedule an appointment to see this 3-bedroom unit in established and well maintained Perez Acres complex with the amenities to enjoy: swimming pools, fitness park, basketball court, play ground, mail delivery, a 24-hour security, on-site management, pro landscape maintenance and more. Conveniently located to business establishments and schools in the area. $1,900 (10-1921) Dededo - Executive living in a great neighborhood - Summer Palace Townhouse, Replaced A/C with 30-40% more efficient unit, Newly Painted,Newly tiled, new refrigerator, gated community, swimming pool, 24 hr Guard, Playground, Small pet's accepted and many..many more. $1,900 (10-1593)


From the Experts

The Marketing Mix Applied to Real Estate! By Daniel Calvo

R

eal estate in Guam presents a unique opportunity. With the onset of the military build-up, many investors have turned their eye to Guam as the next big real estate investment haven. Up until 2007, the world experienced a steady increase of its financial markets. However, from 2007~2009, the world then experienced a drastic turn in both the real estate and financial markets. With the advent of year 2010, the global real estate and financial market is still recovering from the almost 2 year long recession. Any business student attending any university will attest to learning what is called the Marketing Mix, or most often referred to as the 4 P’s of Marketing. The 4 P’s of Marketing are, Product, Price, Place and Promotion. As a recent MBA graduate from the University of Guam and a doctoral in finance student from Walden University, I can attest to the effectiveness of utilizing the 4 P’s of marketing to sell a product, which is real estate. The use of the 4 P’s of marketing apply to real estate in that real estate like any other product is a product that is sellable and is desirable. Daniel Calvo holds an MBA, DBA and is a student in finance References Captain Real Estate Group (May 10-23, 2010), Captain Real Estate Group Releases Market Update. Marianas Business Journal

18 CasaGuam June 2010

The 4 P’s of real estate can clearly be defined as: • PRODUCT: What is the product? In this case, the product could be land, a house for sale or rent or a condo for sale or rent. The product needs to be clearly defined, i.e., what is the square footage, year built, bedroom & bathroom size, etc. • PRICE: What is the property worth? Every owner would like to believe that their real estate is worth more than what it is worth. An article written in the Marianas Business Journal by Captain Real Estate Group (May 10-23, 2010), dictates that the median price for a home is now $221,000.00; this article essentially lays the median price for what a house should sell for in Guam. I currently have a house for sale in Iron Wood Estates, Dededo, priced at $188.000.00 which is competitively priced well below the median price. From a rental point of view there are some landlords who believe their 2 bedroom apartment in Inarajan is worth $1900.00, but in actuality it is not competitively priced to meet market standard. It is the job of the Realtor® to educate most landlords or seller and guide them to competitively price their real estate to sell by utilizing a Comparative Market Analysis (CMA).

• PLACE: Location! Location! Location. This could not be truer. I live in Santa Rita, and so my daily commute could be as long as 45 minutes or as short as 20 minutes. The closer the home is to a desired place the pricier the product. In this case, a home in Tamuning will probably cost more than a home in Inarajan, given the location. • PROMOTION: ADVERTISING!! The most important part of selling or renting out your home/ condo/apartment/ land. Advertising of any product is imperative for the sale of any product. Casa Guam to date is Guam’s leader in real estate advertising. The Casa Guam magazine allows its reader the ability to understand and see what is going on in Guam’s real estate market, as well as help its reader to become a more educated buyer or seller in Guam’s already tough real estate market. The use of the Marketing Mix in the sale of real estate in Guam is imperative to the success of the sale of the product. By identifying the product, competitively pricing the product, understanding the location of the product, and most importantly promoting the product, the use of the marketing mix coupled with an educated Realtor® will ensure the successful sale of YOUR home/condo/apartment or land!


CasaGuam.com 19


Profile

Right Place, Right Time

By Alex Salazar

Diane Lee fell into real estate in the midst of a major boom.

20 CasaGuam June 2010

Diane Licanto Lee Realtor™, CRS™, Associate Broker The Real Estate Professionals

Education: Family:

Bachelor's in Economics from Rutgers University Alan, husband; Lauren (15), Jared (13) and Gavin (10), children

Hobbies: Playing tennis, pilates and traveling Credentials: Director, Guam Association of Realtors, 2008 - present; Realtor of the Year, 2006; Vice President, Guam Association of Realtors, 2005; Certified Resident Specialist.

Casa Guam magazine is an excellent media for our industry — the full color photos, the glossy text really catch your eye and pique your curiosity. The process of buying real estate is as much an emotional as well as financial decision. I think the ads can really generate interest within readers who are in the market to invest in real estate.

“I

was in the right place at the right time to start a career in this industry," said Diane Lee, associate broker for The Real Estate Professionals. She had just returned to Guam in 1998 after attending Rutgers University and living in the east coast. At the time, Guam's real estate industry was booming, and said she was about to represent buyers and sellers and even segued into investing. "I can’t imagine myself in any other profession but in real estate, it still fascinates me!" Lee didn't get as far as she did without any hard work, however. She completely immersed herself in the industry, serving as as the vice president of the Guam Association of Realtors in 2005, became a Certified Resident Specialist, was named Realtor of the Year in 2006, and currently serves as a director for the Guam Association of Realtors, a post she's held since 2008. Lee also served as a past chairperson for Community Affairs, a member of the Professional Standards, Grievance, Multiple Listing and Education Committees. "Rare is the real estate transaction that doesn’t have a few hiccups along the way until close of escrow," said Lee. "After 20 years in the business and so many transactions, there is always something new to learn." She added that more often than not, she is a problem solver. "For example, some buyers may be short on funds for closing costs, so I have to structure the offer to come up with a creative way to make the deal viable to both parties. When this type of transaction gets to the closing table it’s a win-win situation and this is when I feel like I earned the right to pat myself on the back," she said. Lee said real estate professionals need to be prepared to work hard. "Contrary to what may be public perception, it’s a service oriented industry and you don’t make a lot of money overnight. It’s a competitive industry that is easy to get into but in order to be sustainable in this business you have to build a customer or client base by earning their trust and confidence," she said. Aside from dealing with banks, appraisers, surveyors, engineers, contractors, Realtors have to know the business well enough and continue to educate themselves in as many aspects of the business as possible. "I’m glad that continuing education is a requirement for keeping your real estate license because the industry is continually evolving. As professionals, especially Realtors™, we must hold ourselves to higher standards." Lee lives by the Golden Rule in life and in work — do unto others as you would have them do unto you. "It is a far-reaching concept. It encourages one to live by an ethic of reciprocity, to have compassion and respect for one another. It is a profound ideal to espouse." Upon looking back at her career, she said she would like to thank her customers. "It’s a privilege when someone lists their property for sale or asks me to represent them when they are buying a property. It means that I’ve earned their trust and confidence and not something that one should take lightly. Real estate is a “big ticket” item and probably the most expensive thing an average person will buy or sell in their lifetime. For this reason, it’s a 24-hour, seven-days-a-week job." In the next few years, Lee anticipated the military buildup and how it will affect he real estate industry. "I believe it will be in a positive way and there will be opportunity for buyers, sellers, landlords, investors and real estate agents alike." When she isn't working, she likes to play tennis, do pilates, travel and spend time with her husband and three children.


CasaGuam.com 21


Curb Appeal

The Ultimate Selling Buzz Word: Curb Appeal

By Joe Lane

C

hances are, in the mind of a potential buyer, your home is not the unique gem that you might think see it as. It can be hard to understand that, but most homes have a pretty basic structure that might change from home to home but does not vary greatly overall. If you are aiming at creating that elusive buzz word, curb appeal, understanding that and playing up the strengths you do have can help you tremendously. Curb appeal can help you cut through a lot of the hassle of selling your home buy motivating buyers to want your property before even setting foot inside the real estate. With a surplus of interested buyers, you can skip the process of even hiring a real estate agent and simply sell it to one of the interested parties that has demonstrated interest in your property. So while curb appeal is an ever-changing characteristic, there are some basic things you can do to help your home show better and look better to everyone that drives by. These can be simple things like adding shutters around windows that might look out on to your porch and can be as complex as adding new products to the front of the home like a refurbished garage door or better looking porch railing.

Windows Windows make up a lot of the expense of a home, but are sometimes neglected when it comes to dressing up your property for potential sale. Adding things like shutters to the exterior of your property or repainting trim on each window can make your home look words different. Paint especially is an inexpensive input for your property, so putting in a little manual labor can make a big difference in your curb appeal.

Landscaping Landscaping is perhaps the aspect of a home that most people think of when they hear the term curb appeal. If your front lawn has gone with mowing and is chock full of weeds, you 22 CasaGuam June 2010

can guarantee that a buyer will have a slightly negative feeling about your home before ever setting foot in your real estate. You can combine the landscaping and window aspects of your home by making sure that your bushes and other items are trimmed away from window beds. These may look like they were planted with good intentions when your home was built a few decades ago, but letting light into your property and showing off the amount of windows will ultimately do more to increase your curb appeal.

Walkways Your driveway and other walkways that lead to your home serve as a visual line that grabs the buyer's eye and directs it toward your home. If a walkway or garage is full of holds and has not been cared for, this travel of the eye will only hurt the curb appeal of your property. Take advantage of the way a buyer will look at

your home and pay extra attention to the walkways and driveway. If you have some nice landscaping elements around a path to your home that might wind its way to your front door, you will have almost instant curb appeal and will set your home apart from the other 50 properties a buyer might be shown that day. Common sense is the biggest asset when it comes to developing curb appeal. If something on the exterior of your home is broken or dirty, fix or clean it. If you drive by and wince at a particular eye sore in the front yard, remove it. Put yourself in a buyer's shoes and ask yourself what you would want to see when you drive up to your new home and what you wouldn't. Change accordingly and you will help yourself develop some elusive curb appeal. This is another original article by Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. (Source: Http://www.freerealestatearticle.com/)


CasaGuam.com 23


H o w To D . I . Y. Source: http://www.articlesbase.com/diy-articles/quick-fixes-for-leaking-pipes-1945084.html

Quick Fixes For Leaking Pipes t's a nightmare that most homeowners hope they only have to dream about and never experience - a pipe suddenly there's a water leak. First, turn off the water supply to the leaking pipe. This may be at the fixture supply valve in front of the leak or at the main water supply valve itself. Shutting off the water will stop the water flow and give you time to think. If the plumber can't get there for a couple of days or you don't have time to fix it yourself, you actually do have a number of options to do a quick fix until the pipe can be properly repaired. First, figure out where the leak is actually coming from. Is it a pinhole or has a pipe split? If it's a run of copper, here are some quick fixes - depending on what you have available.

I

Permanent Repairs Such fixes take a little more time and some planning, but once you're finished, you've got a permanent repair for your leaky pipe. • Install a pipe clamp specifically designed to fix leaking pipes. These clamps have a rubber gasket attached permanently inside the clamp, which itself is designed to fit around the leaky pipe. Simply place the clamp over the hole and tighten the integral screws, holding it in place and making a permanent seal. Pipe clamps are available at home stores. • Another alternative is to use flexible/braided metal tube with compression couples on each end to provide a permanent fix. A significant advantage of this repair is it will allow you to not only fix a small pinhole leak, but it can be used to fix a longer split pipe. Because the repair tubes are flexible and will bend, they can even be used to repair a leak in a pipe elbow. The metal tubes are available in number of lengths so you should be able to fix your pipe wherever it's holed. • To install the braided metal tube, you're going to have to cut out the damaged section of pipe, so be sure to drain all the water out of your pipes. Next, center the repair coupling against the damaged section of pipe and mark the water pipe one-inch in from each end of the coupling. Cut out the damaged pipe at the marks, slide the compression couplings onto each end of the water pipe, and attach the repair coupling. Tighten the compression fittings and turn the water back on to check for leaks. 24 CasaGuam June 2010

Temporary Repairs Remember, none of these are permanent fixes, but they will allow you to turn the water back on until you can get the pipe fixed more permanently. • Stick a pencil point into the hole and break it off, then wrap the pipe with electrician's tape. Smear some plumber's epoxy repair putty over the tape to make sure it doesn't leak. Let it set for half an hour and turn the water back on. • Wrap a piece of rubber (like an old inner tube) around the pipe over the hole, and then use a C clamp and small blocks of wood to clamp the rubber wrap tightly in place. If you have them, hose clamps around the rubber covering the hole could also be used to keep water from leaking. • Don't have any old rubber that can act as a repair? Cut a piece of garden hose long enough to cover the hole in the pipe plus two or three inches on each side. Slice the garden hose lengthwise and position it over the hole in the pipe. Once again, use hose clamps to keep it in place and stop water from leaking. Any and all of the above quick fixes will get you back in business quickly if you ever need to deal with a leaky pipe. Anyone living in a home with copper pipes can be thankful that leaky pipes happen very seldom. In older homes where galvanized pipes were used for plumbing, leaking pipes will unfortunately be much more common. Since galvanized pipes rust from the inside out, you can't tell what kind of condition they are in by looking at them. However, when one starts leaking, it's logical to expect that others won't be far behind. Laying in a good supply of pipe clamps might be a prudent investment.


CasaGuam.com 25


MARKETPLACE

26 CasaGuam June 2010


CasaGuam.com 27


28 CasaGuam June 2010


Who Ya Gonna Call

CasaGuam.com 29


Classifieds Chalan Pago

Piti

Harmon Industrial M-1 Zone ? Acre Fenced Lot $280000 or Best offer. MUST SELL! Ideal forWarehse/Office PLUS PreConstructed / Unfinished Slab Call/Lv Msg 632-1200

$78,000-1 Br/ 1Ba Nice for 1st timers May buy w/no $ down! Also good for investors – Has excel tenant! Apuseto Gdns-Pools-Mail Delivery! Call to see or information 646-7616 Horizon Properties, Inc. 777-7792

Nimitz Estates - large yard/ lot 4bd/2ba, good neighborhood, nice yard, asking $380K Call 637-7165/688-0887/689-7700

Commercial Rentals

Dededo

Commercial Sales Harmon

Barrigada Brand new 2 storey commercial bldg. for lease, Rte. 16 Barrigada 1st floor - 2,000 sq. ft. 2nd floor - 4,830 sq. ft Please call 687-6831

Hagatna Building has lots of potential, located on Marine Drive. Second floor is a 4 unit apartment apartment. $1500/m. Call DEL 727-7380

Dededo Ground floor Available! Corner of Route 16 & Harmon Loop Road! Located at the ParaOceana Business Center. Spaces available for your business today! Call DEE 727-3777

Tamuning Warehouse spaces available for lease! 2,000sqf @ $1500/m, 4800sqf @$3,300/m Call FRANK 727-0177 UIU Building 1000sqft, very nice office. $1143 + com/month Call 637-7165 / 688-0887 /689-7700 Golden Motel Tamuning :Well maintained & established motel near shopping mall & businesses, 26 rooms. Includes free simple land/improvement, equipment & generator.$1.68M Call CHRISTINA 888-8626

Residential Sales Agana Agana Oceanview : Spacious 3bd/2ba unit. High ceilings add to the spacious feeling! Also for rent @ $1700/mo. Land is Leasehold $189K Call LOUISA 727-8400

Dededo Villa Rosario Condominium 3bd 2 Ba Good location ! Furnished Ref/ Oven & Washer & Dryer. Great Airconditioning System! Besides Swimming Pool. LV MSG 632-1200 Dededo Villa Rosario Condo 3bd 2ba w/ Pool/AC/Ref/Ovn/Park For Sale LvMsg 988-3592 Dededo Fixer Upper:Home on more than 1.25 Acre Lot and can be subdivided in to 2 lots. Includes complete floor plan for a huge 5bd/3 ba.$225K Call TRINI 687-8340 LAS PALMAS I –Townhouse 3bd/2.5ba excellent cond, pool, security, tennis $200,000 Call 637-7165 / 688-0887 /689-7700 Villa Rosario Condo 3bd/2ba, pool, security, clean newly, renovated $155,000 or $1300/month-rent Call 637-7165 / 688-0887 /689-7700

Mangilao

Holiday Towers: Come home to a gorgeous ocean and city views from this 3 bedroom 2 bath unit. Imagine being only minutes away from shopping and dining. $ 375k. Call LOU 483-1384

Tamuning Alupang Beach Tower. Exclusive Ocean Front Condo in the heart of Tamuning! Amenities; swimming pool, secured entry, full backup generator $ 395K Call MIHO 687-7198 MLS # 08-281 Daiichi Condo 1st Floor 3BR Fee $138,000. Call 637-7165 / 688-0887 / 689-7700 Tamuning home; great price in private location. It has everything that you need such as generator, solid wooden door, stainless steel security door, water pump & softener. $289k or $1700/m Call JAMES 482-0498 Great location 3bd/2ba. old vandalized house R2, 929sqm AS IS $297,000 or MAKE OFFER. Call 637-7165 / 688-0887 /689-7700 Daiichi Condo: Unit is in a central location and in excellent condition. The complex has just been painted and is very well maintained. $140,000. Call TONI 687-8714 Tamuning: Comfort seaside living, unwind in the serenity of your living room with a beautiful view, pool & bbq. Security to put you at ease and central to shopping and entertainment. $239K. Call DOROTHY 482-3881

Mangilao Green Park Condo 2 BR/1 BA W/ Appliances, Pool, Central AC, Ceiling Fans, Assigned Parking, Balcony Near UOG & Nimitz Golf Course - Central location Between Navy Base & AAFB Military approved Call 734-4427

First floor unit is across GPO Theaters and near Cost U Less in Tamuning.Two assigned parking. Property is fully fenced with swimming pool. Well maintained complex. Sale on AS IS BASIS. Tenant needs appointment to show. $205,000 Call 637-7165 / 688-0887 /689-7700

Latte Plantation 4br. 2 ba on 1,858 sq.M Lot, fenced 3 sides, undergoing full renovation. $245K Titan Realty 479-4663, Franklin 727-2891

Tumon

Agana Heights

Tumon View Ph2 Back of DFS 2Bd Loc Back of DFS For Sale Lv Msg 9883592

Merizo Agana Heights Condo. Studio and 1 bedroom units, power/water/basic cable/security included. $38K - $72K $zero DOWN. Call FRANK 727-0177 30 CasaGuam June 2010

Nice home that needs a little TLC. Owner financing available. Oceanview, 909sqm lot. $99,000. Call PAT - 727-4728

Yigo

Sinajana

Malojloj 3br/2.5, 1746sqf living space, 1200sqm lot, built 1993. $300K. Call FRANK 864-9531

Blue Pacific Lattice. Large 3bd/2ba excellent condition, oceanview. $395K or make offer. Call 637-7165 / 688-0887 / 689-7700

TUMON BEL AIR BRAND NEW TOWNHOUSE Gated, Very good location,Across driving range. 3 bed room / 2.5 bath $ 2500 CALL 898-1687

Yigo House 3bd2ba Near Marine Drive For Sale Lv Msg 988-3592 New 2br/2ba $1,300 to $1,700/month. Call 637-7165 / 688-0887 / 689-7700 2 Yigo Homes: Investment Oppportunity! Two homes on one lot. Rent out both or live in one and rent the other out. $350K Call LOUISA 727-8400 Yigo Save $25,000-$50,000 Perez Acres 3/2 compare! Nice & Clean! Located minutes from AAFB. Secured entry. 2 Pools/Cabanas/BBQ/Mail Deliv./Cover Pkg & more Asking $199,000. Call Horizon Properties, Inc. 646-7616

Yona 929+/- sq.M corner lot, $5K down, owner finance, Asking $40K Let's negotiate! Titan Realty 479-4663, Franklin 727-2891 Beautiful brand new 4bed/3ba executive home, minutes away from Talofofo Golf Course. Home has custom kitchen with granite countertops, Jacuzzi Tub, enclosed garage, generator ready and much more. $651k Call VIC 483-7518

Looking to Purchase Buying in Dededo / Barrigada / Mangilao 3bd House Needed for First-Time Homebuyer Lv Msge 632-1200

Residential Rentals Anigua Just newly renovated 2bd/1ba, worth a look! Close to Navy, comfort all around, close to conveniences and beaches, come relax and unwind. $1,200/month. Call DOROTHY - 482-3881

Barrigada Prestigious executive home in a Barrigada Heights with spectacular view of pacific ocean. Custom built with beautiful marble floor and wood fixture, Corian counter top kitchen with all matching Maytag appliances,TV room with built in shelve. Swimming pool, 100% back up generator, back up water tank etc.. $4000/m Call MIHO at 687-7198 MLS # 09-1590


Classifieds Besta Market area, large 4BR/3.5ba on fenced half-acre asking $2,200/month. Call 637-7165 / 688-0887 / 689-7700 2 bd/1ba with yard, including water $ 750/m Sec 8 ok Call 637-7165 / 6880887 /689-7700 Large 2bd/1ba tri-plex. First floor yard including water $ 800/m Sec 8 ok Call 637-7165 / 688-0887 /689-7700

Dededo 1 Bd/ 2 Bd/ 3Bd Good location! Near school, church, market. Nice neighborhood. Furnished with refrigerator and stove. Military & Sec 8 OK. Lv Msg at 632-1200 Dededo Villa Rosario Condominium 3bd 2 Ba Good location ! Furnished Ref/ Oven & Washer & Dryer. Great Airconditioning System! Besides Swimming Pool. LV MSG 632-1200 NCS - For LEASE: 3 Bedrm. 2 bath Home w 3 carport , typhoon shutters 1/2 acre yard 10 minutes to AAFES 10 min. to NCS Titan Realty Franklin 727-2891. 1 Bd w/ Ref / Oven/ Typhoon Shutters Good location Walking Distance to church, schools Payless & flea market. Sec 8 / Mil OK Call / Lv Msg at 988-3592 DEDEDO: 1bd/ 1ba across Circle Park, Nr Church, Schools & MallsCall/Lv Msg Ph:988-3592; Welcome Sec 8 / Military Las Palmas Ph III 3bd/2.5ba + 2 dens excellent condition, sec., pool $1,700 Call 637-7165 / 688-0887 /689-7700 Large Apartment 2bd/2ba w&d, shutters, nice, near schools sec 8 ok $800 - $830 Call 637-7165 / 688-0887 /689-7700 Villa Rosario – First Floor, Large unit 3bd/ 2ba patio leading to large yard, complete renovation like brand new, walk-in closet, pool, security $1,500/month. Call 637-7165 / 688-0887/689-7700

Harmon SABANA PLAZA Large 3bd/2ba Condo,2nd floor, very clean fully furnished $1,300 Call 637-7165/688-0887/689-7700

Mongmong-Toto-Maite Maite - Large 2bd/1ba very clean near Townhouse $800/m Sec 8 OK Call 637-7165 / 688-0887 /689-7700

For rent, large 1bd/ba power and water included. Sec 8 ok, military welcome. Call 477-1014 or 482- 0802

Mangilao Mangilao Green Park Condo 2 BR/1 BA W/ Appliances, Pool, Central AC, Ceiling Fans, Assigned Parking, Balcony Near UOG & Nimitz Golf Course - Central location Between Navy Base & AAFB $850 monthly Call 734-4427 Villa De Oro: This 3bed/2ba comes with two parking stalls and is in good condition,just minutes away from the grocery store, schools, gas stations and much more. $1,300/m. Call KAMAKA 689-2553

Piti 2br/1ba apt. close to port, NavSta, Polaris, store, church, park, and beach! Ocean Breeze Apts $600. Call 649-8265 or 888-7447

Talofofo IPAN House for rent, 2 storey 5 bed/3bath plus family room. A/C every room, gas stove, refrigerator, h2o heater. Please call BEN / ANNE 482-6592 / 734-8272 / 472-6134

Tamuning Great Location near the Sheraton Hotel and Oka Towers. Laundry inside, Nice size kitchen with lots of cabinets. Marble in bathrooms, nice high ceilings and central a/c unit. All windows have accordion typhoon shutters, 2 car parking and security door entry. Live close to beaches and across from a new executive subdivision.$ 1700/m. Call DEANNA -688-2855 Beverly Palm, large 3bd/2.5 ba + den. You will enjoy living is this convienently located complex off Ypao Rd in Tamuning. This spacious unit also includes a separate den/family room next to master suite. Extra high ceilings in living/dining area..plus a nice upgraded kitchen. Amenities..huge balcony(length of complex),mail box and pool. BASIC CABLE TV INCLUDED. $1,900/m Call 637-7165 /688-0887 /689-7700

Tumon

Inarajan

Tumon Lane Pia Marine Ocean view unit on the 6th floor. Fully furnished. Also includes TV, microwave oven, pots, pans, dishes, utensils. Conveniently located right off the elevator. Amenities: pool, tennis courts, convenient store, exercise room, mail delivery, Back up generator. Asking $ 2000/m Call MIHO 687-7198 MLS # 08-3675

Inarajan land for sale: 5278sqm. Beautiful Inarajan land formerly used as a tree farm. $110,000. NEGOTIABLE! Call PAT 727-4728

Tumon Heights Court Spacious 3BR 2BA condo in the heart of Tamuning. Close to school, shopping, minutes away from Tumon Bay. Includes basic cable TV. Asking $1,900/month Price is negotiable! Call MIHO 687-7198 MLS # 10-1014 Blue Lattice: Enjoy all the amenities this complex offers such as pool, security, mail delivery, back up power and water, to name a few. Walking distance to Beaches will have you wanting to stay on Guam longer. $1,800/m. Call DEANNA 688-2855 Tecio Condo: Enjoy a comfortable and quality condo with Ocean View in this 3 bedroom 2 bath 4th floor unit. All Ceramic Tile floors, new paint and upgraded kitchen make this place sparkle. New stacked washer/dryer, new stove, new refrigerator Full backup water and generator, security door entry, pool and more. Call for your showing appointment. $2,250/m. Call DEANNA -688-2855

Piti Piti Land: This is an excellent road frontage property w/high visibility for any business, most especially w/the build-up by the military just around the corner.$500K Call NERI 727-3325

Tamuning Affordable R2 zoned property in the heart of Tamuning. Adjacent Lot 2149-8NEWR1 (2,909 SM) MLS#00-1089 also available for sale. Asking $276,500 Call MIHO 687-7198 MLS #10-1443

Yigo

Over an acre of M1 zoned land in a secluded & safe spot within Harmon Industrial Park. At about 50 cents per square meter, it won't last very long. FOR RENT $3K Call DANIEL 687-5115

Brand new 4bd/3ba units. Great neighborhood, professional lanscaped. Mins from AAFB. Several to choose from. Great family atmosphere. $2600/month. Call PAT 727-4728.

Build your dream home on this one of kind subdivision, with many amenities including a park, swimming pool, tennis court, secured entry and much more. $500k. Call ROWENA - 777-4317

Land For Sale

Yigo

Barrigada BARRIGADA - 1,119 sq.M, Rt 16 pan handle Commercial Zone LOT w/ 3br.1ba. Home.$186,000.Titan Realty, 479-4663 Franklin C) 727-2891

Chalan Pago Tumon Height Court - Very nice unit on the first floor of this well maintained condonimum complex off Ypao Road near Royal Gdn and SDA Clinic. Comes with two open assigned parking and use of pool. $1350/month Call 637-7165 / 688-0887 /689-7700

Get the last parcel available in this sub-division. It has it's own private driveway & it's location puts it out of view of regular traffic. This property is a 10 min walk to the beach.$65K Call NERI 727-3325

Chalan Pago Land: Investor/Developer special. Centrally located fronting Rt4 1.75+ acres commerical land. Rental income $3,000/mo. Motivated seller.$1.1M Call CHRISTINA 888-8626

Development property. Developer alert. Perfect for subdivision. Panoramic views. Rt 15 frontage 1 mile south of AAFB back gate. 53,830sqm. $35/sqm Call PAT 727-4728

Yona Land for sale: 104,688sqm. Slight sloping terrain. View of Mangilao & Pago Bay. Water and power within the vicinity. $14.33/sqm Call FRANK 864-9531 CasaGuam.com 31


Closing

Message from the Executive Officer By Peggy Araullo Llagas

NAR on Appraisal According to the National Association of Realtors®, state-licensed and certified appraisers represent about 40,000 of its members. NAR supports the importance of appraisal process as follows… • State certified or licensed appraisers prepare full appraisal reports that provide critical information to home buyers and sellers. • An appraisal is an important part of the home buying process because it assures the lender of the property’s worth. • An appraisal is also a valuable tool for sellers, who can obtain an appraisal before listing a property to help determine a listing price, particularly if the property is unusual. • Determining an accurate property value is more difficult in today’s market. You need an expert to handle this. • Online estimates aren’t as credible as professional appraisal. • Some loans require that comparisons be limited to home sales in the past 90-120 days. In many cases, the only available comparisons may be distressed sales – homes that are sold in foreclosure or short sales. Therefore, loans should include appraisals that use comparable sales that closed within the past 12 months as required in the Fannie Mae Guidance for Lenders and Appraisers. • Buyers, sellers and Realtors® can ask appraisers to consider additional data and correct errors. They may discuss the unique conditions of a home and its neighborhoods with appraisers. • NAR supports a borrower’s right to know how a property valuation is determined. Lenders should be required to inform a borrower of the methods used to value a property to determine the amount of the mortgage loan, and borrowers have the right to a copy of each value estimate or value opinion obtained. • Appraisers must be independent of any outside influences that would affect an accurate appraisal, and NAR supports enhancing penalties against those who would improperly influence the appraisal process. 32 CasaGuam June 2010



CasaGuam Vol. 3 Issue 6