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CONTENTS

Message From GAR

Departments 4

Message from the President

Market Snapshot 2013 Guam Real Estate Sales

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Feature Are You Ready for Typhoon Season?

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Real Estate Spotlight Moving Boundary Lines

November 2013 • Vol. 6 • No. 11

Profile

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

Larry G. Urbano Hard Work Pays Off

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Home Finance VA Guaranteed Home Loan

|Publisher| |Business Sales Manager| Jay-R S. Dominguez

|Display Advertising| Evelyn Trinidad

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From the Experts How Real Estate Companies Can Help In Relocating

|Traffic/Circulation Manager| Josie Redmond

|Production Manager| Mark S. Burke

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How to D.I.Y.

|Graphics & Layout|

Use the Web!

Mark S. Burke Edwin E. Valencia

Curb Appeal

|Editorial Contributors|

Storm Shutters A Good Investment

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Who Ya Gonna Call?

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Classifieds

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Closing Guam Association of REALTORS® AIDS Disclosure and Other Stigmas Part 2

Faye Varias Creative Services J.C. Cruz Clare Delgado Siska Hutapea Marie Fe Regis-Malaca Richard Smith Arlene Taitague Taitingfong Kim Anderson Young

By Clare Delgado 2013 President Guam Association of REALTORS®

SHOPPING FOR PROPERTIES ONLINE… CALL A REALTOR® FIRST! Homeownership is a dream we all share. It’s part of the three basic necessities in addition to food and clothing. But with the rising costs of owning or renting a home along with a challenging economy, it may appear that pursuing that dream may be harder to attain. With that thought, we shop around, negotiate the best deal and hopefully get the most bang for our buck. Nowadays, looking for properties can be as easy as the click of a computer mouse. Most homes for sale or rent can be found online in various websites. Many of us know the benefits of looking of properties online in that you can search for properties anywhere and anytime. As you browse the listings, you could also see where the property is located, take a photo tour and calculate how much you can afford. There are many websites that advertise property listings. Websites such as Craigslist for example offers a section devoted to real estate listings. But while we are searching for the best bang for our buck, we need to remember that there are certain things we need to be aware of. When considering buying or renting property from an online source, take care that you are aware of whom you are dealing with. Part of being prudent is to know how to avoid online scams. Always deal with someone locally. Your favorite REALTOR® is local and will meet with you on a one to one basis. They can personally show you homes and negotiate the best price and terms for you. Secondly, it is highly recommended never to wire money to secure a property, unless you know the credibility of the recipient. Your local REALTOR® will ensure your deposit is safe and secure in either escrow or their company trust account. You can have peace of mind knowing where your hard earned money is deposited. It’s important to note that Craigslist does not participate in any transactions and also offers suggestions on avoiding scams. Your favorite and local REALTOR® though, can help you find the perfect place that you can call home. They will work hard to protect your deposit and ensure the keys to your home are safely delivered directly to you. Your REALTOR® is also one of your biggest advocates. They will protect your interests and strive to see to it that your dream of homeownership can also be as easy as a mouse click away. REALTORS® adhere to a strict code of ethics and are the ideal professional to help you in your pursuit of the dream of homeownership. Call your REALTOR® now!

GUAM ASSOCIATION OF REALTORS® Cover Photo: Mark S. Burke CasaGuam is Published by:

The Voice for Real Estate on Guam Suite 236A Julale Center 424 West O'Brien Drive, Hagatna, Guam 96910 Office: (671) 477-4271 • Fax: (671) 477-4275

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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Market Repor t

2013 Guam Real Estate Sales

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Feature

Typhoons are strong storms that can be life-threatening as well as cause serious property-threatening hazards such as flooding, storm surge and high winds. Preparation is the best protection against the dangers of a typhoon. Know the difference between the threat levels and plan accordingly. See the checklists below to see how prepared you are.

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Feature

Are You Ready for Typhoon Season? We’ve had a couple of close calls already. Are you prepared in case a typhoon hits hard the next time around? Source: American Red Cross

PREPARE: • Listen to a NOAA Weather Radio for critical information from the National Weather Service (NWS). • Check your disaster supplies. Replace or restock as needed. • Bring in anything that can be picked up by the wind (bicycles, lawn furniture). • Close your windows, doors and typhoon shutters. If you do not have typhoon shutters, close and board up all windows and doors with plywood. • Turn your refrigerator and freezer to the coldest setting. Keep them closed as much as possible so that food will last longer if the power goes out. • Turn off propane tank. • Unplug small appliances. • Fill your car’s gas tank. • Create a typhoon evacuation plan with members of your household. Planning and practicing your evacuation plan minimizes confusion and fear during the event. • Find out about your community’s typhoon response plan. Plan routes to local shelters, register family members with special medical needs and make plans for your pets to be cared for. • Obey evacuation orders. Avoid flooded roads and washed out bridges. • Standard homeowners insurance doesn’t cover flooding. It’s important to have protection from the floods associated with typhoons, tropical s torms, heavy rains and other conditions that impact the U.S. RECOMMENDED SUPPLIES: • Water—at least a 3-day supply; one gallon per person per day • Food—at least a 3-day supply of non-perishable, easy-to-prepare food • Flashlight • Battery-powered or hand-crank radio (NOAA Weather Radio, if possible) • Extra batteries • First aid kit • Medications (7-day supply) and medical items (hearing aids with extra batteries, glasses, contact lenses, syringes, etc.) • Multi-purpose tool

• Sanitation and personal hygiene items • Copies of personal documents (medication list and pertinent medical information, proof of address, deed/lease to home, passports, birth certificates, insurance policies) • Cell phone with chargers • Family and emergency contact information • Extra cash • Emergency blanket • Map(s) of the area • Baby supplies (bottles, formula, baby food, diapers) • Pet supplies (collar, leash, ID, food, carrier, bowl) • Tools/supplies for securing your home • Extra set of car keys and house keys • Extra clothing, hat and sturdy shoes • Rain gear • Insect repellent and sunscreen • Camera for photos of damage RECOVERY: • Continue listening to a NOAA Weather Radio or the local news for the latest updates. • Stay alert for extended rainfall and subsequent flooding even after the typhoon or tropical storm has ended. • If you evacuated, return home only when officials say it is safe. • Drive only if necessary and avoid flooded roads and washed out bridges. • Keep away from loose or dangling power lines and report them immediately to the power company. • Stay out of any building that has water around it. • Inspect your home for damage. Take pictures of damage, both of the building and its contents, for insurance purposes. • Use flashlights in the dark. Do NOT use candles. • Avoid drinking or preparing food with tap water until you are sure it’s not contaminated. • Check refrigerated food for spoilage. If in doubt, throw it out. • Wear protective clothing and be cautious when cleaning up to avoid injury. • Watch animals closely and keep them under your direct control. • Use the telephone only for emergency calls.

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On The Cover

Santa Rita Special

O

ne of a kind upscale property in Santa Rita where you can see both valley and ocean views from a huge balcony and downstairs lanai. Have you ever wanted to bring the spa experience home? Check out the beautiful spa-style master bathroom with beautiful corner window at the sunken tub and an delightful overhead rain shower that has to be seen to be believed. There is also a second master bedroom which has its own entrance and full bathroom. Professional style kitchen with upgraded appliances and finishes and architectural upgrades throughout. A large, bonus third room can be turned into an office, entertainment room, or converted to a third bedroom. This property is professionally landscaped and comes with a backup water tank, and is wired ready for a backup generator, and of course, a fireplace! A million dollar home for only $449,500! (MLS #13-3652)

Steffen Niu, Broker GCIC Property Management (671) 477-1389 E-mail: Sales@GCIC.net • www.GCIC.net 10 CasaGuam November 2013


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Real Estate Spotlight

Moving Boundary Lines By Kim Anderson Young ast week we had an interesting situation come up that I would like to share. An investor (who I will call Mrs. Cruz) subdivided her property into two separate lots and then built a house on each lot. She financed one house (the one she lives in) and decided to sell the other house and lot. A buyer quickly made her an offer; which she accepted. In the process of financing the purchase, the new lender required an as-build survey (which shows the exact footprint of the house as it is located on the property). The as-built survey disclosed that Mrs. Cruz’s house was built too close to the property line and it violated zoning set back requirements.

L

There is always a solution, though! In this case, we met with the surveyor and explained the situation. The surveyor quickly went to work to slightly adjust the survey lines to keep that small overlap safely tucked back into Mrs. Cruz’s house lot. Security Title - finding simple solutions to complex real estate transactions.

No problem, right? Mrs. Cruz still owns both properties, so she hired a surveyor to relocate the boundary line a little farther away from her house. In order to keep the property sizes fairly close, the surveyor angled the property line resulting in a very tiny portion of Mrs. Cruz’s property being consolidated into the lot she was selling. This small overlap created an unforeseen problem. That tiny overlap area is still encumbered by the bank that financed Mrs. Cruz’s house and so the buyers bank would not have first lien position on the entire lot. You would think that this could be an easy issue to resolve by simply contacting Mrs. Cruz’s lender and asked them to file an amendment to mortgage replacing her original legal description with the newly designated legal description. Unfortunately it’s not that simple. Banking regulations require that the lender keep adequate collateral for their loans, so before considering adjusting the collateral, the lender must order an appraisal confirming that the re-formed lot still retains it’s value. The fees don’t stop at the appraisal either. There will be attorney fees, recording fees and fees to endorse the lenders title insurance policy to reflect the new legal description. And to keep the situation interesting…in the vast majority of cases, the loan has already been sold to Fannie Mae or Freddie Mac and so the request must go through their approval process! This step alone is enormously time consuming and in most cases the requests are denied. 12 CasaGuam November 2013

About the Author Kim Anderson Young is President of Security Title and can be reached at kim@securitytitle.net.


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Profile

Hard Work Pays Off By J.C. Cruz

J

Larry G. Urbano REALTOR®, PLATINUM PROPERTIES

Family:

Wife Jessica and Daughter Mackenzie (13)

everywhere.” The client wasn't happy with anything Larry showed him. “The last house I showed him was out of his budget. I wasn't supposed to who it but decided to anyway and he fell in love with it.” Larry's future plans include investing more in residential properties and continuing to provide his clients with excellent service. “My motto is always to be honest, work hard, and always to my best for their benefit and strive for excellence.”

The advertising with the properties really does have an effect. Just the information alone is very educational.

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Juggling the responsibilities of a full-time job as property manager at M.V. Pangilinan Ent. with being a husband and father can be an overwhelming experience. Some people may be hesitant to take on anything else but with diligence and good organizational skills, Larry G. Urbano has taken on the role of realtor in addition to his existing responsibilities. How does he handle it all? “That's a good question. Everybody asks me that,” he says. “You just have to be aggressive, work hard and be organized. I'll do a showing on my lunch break, after hours, or on the weekends. It's just a matter of organizing yourself.” Larry's boss at M.V. Pangilinan Ent. has been very supportive of his Realtor work so he always ensures that his duties as a Realtor do not interfere with his full-time job. “I'm pretty flexible, creating time and basically working seven days a week.” Larry first moved from the Philippines to Guam in 1987 and in the time since then, he has worked his way up the ranks at M.V. Pangilinan Ent. He started off as a sales person at what was then Ace Hardware. Over the years he was promoted to various positions including buyer and store manager. Then in 2003, the company expanded its enterprises to include property management, which was when Larry was promoted to property manager. “I got to know some of the people showing properties and working with Realtors,” he says. “I gained more experience working with them.” Larry says the construction of his home also played a significant role in getting him into the real estate industry. “I did all of the legwork myself,” he says opting not to hire a Realtor to help him through that process. Through Larry's work at M.V. Pangilinan Ent., he met Ron Pangilinan, Principal Broker of Platinum Properties. “Ron came along and inspired me. He said working in realty looked like second nature to me and encouraged me to get my license. I took his advice and got my license in October 2012,” he says. Being a Realtor, Larry has encountered many challenges but has been able to successfully conquer them thus far. “The biggest challenge is meeting the needs of both parties – the client and the buyer or seller,” he says. Good customer service is Larry's No. 1 priority and all the years of customer service experience at his full-time job were extremely helpful. “It's become second nature. It just comes naturally.” If there is ever anything needs help with, he always consults with his principal broker, Ron Pangilinan. “Just ask questions.” Although Larry is a relatively new Realtor, he's already had many memorable moments. One such memory involved helping a client find a rental in just two weeks. “He was a contractor living in a rental condo with roommates. He wanted to bring his family.” It was difficult because the contractor had specific requests, was working on a budget, and he was working under a tight deadline. His family was coming in two weeks and they couldn't stay at the rental condo he was currently living in, he says. “It was very difficult to work around his schedule and he had a lot of instructions for me. It was a challenge to find the place and I looked


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Home Finance

VA Guaranteed Home Loan By Marie Fe Regis-Malaca n 1944, the GI Bill was signed into law by President Franklin D. Roosevelt. The result was the creation of a loan program which allows qualified veterans to purchase a home for their own personal occupancy with little to no down payment. This loan program is commonly known as the VA-Guaranteed Home loan.

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VA Guaranteed Home loan can be used in numerous ways. VA loans can be used to purchase a home or condominium approved by the VA, build a home, renovate and improve a home, and even refinance an existing mortgage to reduce the interest rate; however, please inquire with your lender as not all programs may be offered. The advantage of a VA loan program is that the U.S. Department of Veterans Affairs will guaranty to cover a percentage of the loan amount. This coverage or guaranty protects lenders from loss in the event the borrower fails to make the mortgage payments. The program encourages the lender to offer VA loans to “eligible� veterans who meet the VA program requirements. The major benefit of the VA guaranty is that it helps the borrowers by replacing the need for a 10 to 20 percent down payment when purchasing a home. To qualify for a VA loan, borrowers will need a Certificate of Eligibility (COE). The VA has several specific eligibility rules, but generally veterans, active duty personnel, reservists/national guard members, and some surviving spouses of veterans may be eligible for the program. Borrowers can visit any VA approved lender to get help obtaining the COE online. Once the COE has been issued, lenders assist by pre-qualifying the borrowers for the VA loan purchase or refinance. For purchases, borrowers can then work with their Realtor and shop for the home that meets their price range. Once they find the home, Realtors can assist with completing a purchase contract. Borrowers can return to their lender, complete the loan application and all the necessary VA Forms. Please note that an important condition of VA loan is that the borrower must occupy the property. VA loans cannot be used to purchase investment units, and borrowers must still meet the income and debt requirements of the VA program. To learn more about the VA loan please click on the following website http://www.benefits.va.gov/homeloans/ or visit Bank of Hawaii and speak to anyone of our loan officers to get you started with a VA purchase or refinance. CasaGuam.com 17


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From the Experts

How Real Estate Companies Can Help In Relocating

By Richard Smith

ome real estate companies are there for clients from the initial contact through moving in. this is true if the client is moving down the street or up the coast. There are some key things that some estate companies will provide. When considering a good choice keep the following in mind. Knowledge The estate company should have agents that are knowledgeable about the area that the client is moving to. In some cases this may pose no problem. In long distance relocation this may require a solid and expansive network of agents though. There are a number of independent estate agents that have joined collectives just for this reason. Along with that knowledge should come the ability to make recommendations and provide sources. It is very nice when a real estate agent can provide you with recommendations. However many people want to be able to look at something. When an agent or company can give you the sources they use they empower you. By providing clients with sources that allow the client to research for themselves the area they are relocating to greater benefit can be added. The client can begin to develop a working knowledge of where they are moving. In addition prompts for greater dialogue and understanding may present themselves. So, you can begin your search either through local agents that are part

of larger collectives with agents in the area that you are moving to or by simply researching the companies that are in the locations you are relocating to and check out to what extent they provide real estate services. Additional Services Knowing someone in the place you are arriving can be comforting. Also there are practicalities that you may not want to deal with. In some cases a real estate agent may be able to recommend a car service or temporary housing. These can be invaluable when first arriving in an area. A number of real estate agents and companies may actually make the arrangements for their clients. This can remove much of the stress that is sometimes involved in a major transition. Moving arrangements are another aspect that an agent or company may be able to assist with. In many cases they may have established connections with local companies. These services would typically not be required until after permanent housing is established though. Cost Consideration Nearly anything can be arranged. In some cases what the client receives may be limited by what the client pays. There are many quality companies that can supply more for less though. Simply because you can not afford the most expensive real estate service does not mean that settling for less than acceptable service is the only option. If the real estate agent recognizes you as a serious buyer they will likely be in a position to help you. Talking to them openly can prove to be one of the most effective ways to get what you want at a rate that you can afford.

About the Author A good real estate company will help you to settle down faster in a new location faster than you believe. Hence for this reason, you should make it point to choose a reliable and trust worthy real estate company which will extend all possible support and cooperation with regards to real estate services Article Source: http://www.articlecity.com/articles/business_and_finance/article_15841.shtml 18 CasaGuam November 2013


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H o w To D . I . Y.

Use the Web! Turn to the biggest free source for ideas on refreshing your home. By Faye Varias hese days, when we want to learn something, we Google it. The Internet has become such a monster information portal that there isn’t anything you can’t search. But with the multitude of web sites and so-called “experts,” how do you know which ones are legit? Well, we scoured the world wide web and found these awesome web sites which are not only valuable, but fun to read. By no means is this list extensive, but it’s a good start. For me, anyway. And yes, a lot of them are tailored to women. But since when did home décor become a man’s decision?

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Ana-White.com Ana White is a mother and homemaker from Alaska who, together with her husband, built her first home by hand — board by board, nail by nail — despite an early phobia with power tools. After the gratifying feeling of completing such a feat, she started her blog to share her plans with others and since 2009, has garnered thousands of fans and almost 3 million hits per month on her blog. She offers free downloadable plans tailored to women interested in making things on their own. Her blog has a fun design, lots of graphics and is easy to follow. After reading through some of her plans, I think I could build my next bed frame myself.

Instructables.com/group/familyhandyman Self described as the DIYers best friend, this site offers a variety of print and digital resources for do-it-yourself homeowners. Its forte is accurate and complete how-to instructions for improving homes, yards and

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vehicles. The site is a subgroup of Instructables.com which is an awesome web site on its own, with tips for anyone, ranging from artists to teachers. It’s definitely worth a look. YoungHouseLove.com This blog is operated by Sherry and John Petersik, a young married couple from Virginia. They're self-proclaimed "DIY dorks" who write about the adventures of renovating their 49-year-old home. Personally, I have a love-hate relationship with my sewing machine, so my favorite post so far is their no-sew curtains project. Unlike some blogs that claim to be experts, they’re just like you and me with wanting to make our homes our own without having to attend the Trades Academy. I love them already.

Makelyhome.com I love her description of the site. So I figure, why change it? “You want your home to be unique and inspired. You want to push the decorating envelope so that your friends will think you are a genius. And you want to do it all with a tiny budget. Great! Makely School for Girls is the place to find tips, tricks, tutorials and inspiration for creating a unique space that you are proud to call home. Whether you are looking to rehab a tired piece of furniture or paint a bold pattern on your walls, we’ve got you covered. While many of the ideas found here focus on vibrant and eclectic living, the same techniques can be applied to those interested in other decorating styles. We’re enrolling now, and the “tuition” is always free.”


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Curb Appeal

Storm Shutters A Good Investment Whenever the holiday season rolls around, it seems rainy weather accompanies it. With a few tropical storms and typhoons past us, we can see how storm shutters protect our homes and are a good investment. They are the most economical way to protect our windows. There are different types of storm shutters on the market today. PANEL SHUTTERS Panel shutters seem to be the most economical solution. They come in steel or aluminum and attach to the walls around windows and doors on bolts or tracts. They are corrugated sheets and are installed by overlapping the next for maximum strength.

By Arlene Taitague Taitingfong • Strong, and can provide excellent protection for both doors and windows. CONS • Require storage, but usually stack together tightly and take up little space. • Can be difficult to handle; hanging can require more than one person. • Sometimes don't line up properly. • Have sharp edges. ACCORDION SHUTTERS These one- or two-piece typhoon shutters are housed beside the windows or doors when not in use. They unfold accordion-style to cover and protect during a storm.

PROS • These are the most inexpensive of the permanent shutter systems. • Removable, so they don't change the look of the house when not in use. 22 CasaGuam November 2013

PROS • Permanently affixed beside the windows and don't require any extra storage space.


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Curb Appeal • Can easily be made storm-ready by one person. • Some models can be locked with a key and may be used as a theft deterrent. CONS • Can look bulky and out-of-place on some houses. Consider the aesthetics before having them installed. • Glide on wheels, and have the potential to break more easily than some of the other systems.

backup system so the shutters can be lowered and raised during power outages. And then you might consider . . . TYPHOON or HURRICANE GLASS This glass can withstand typhoon debris and eliminate the need for typhoon shutters. It costs more, especially to retrofit an older house. Modern code requirements, which already require typhoon shutters or other protections on new houses, make the glass a more practical option at the time of construction.

ROLL DOWN SHUTTERS These shutters attach above the window. They roll up and store in an enclosed box when not in use. They are lowered either manually by a hand crank or automatically by push button, and lock in place for storm protection.

PROS • Eliminates the need for typhoon shutters. • The most practical typhoon glass is similar to a car windshield, with a durable plastic-like layer sandwiched between glass. The outside layers break, but the center prevents a hole. PROS • Are permanently affixed above the windows and don't require any extra storage space. • Can easily be made storm-ready by one person. • Offer some of the best protection, and make an excellent theft deterrent. CONS

CONS • Must be installed by a window contractor. • The frame must be replaced along with the panes to meet code. Thinking Ahead If you already have shutters - good job! You have already given curb appeal to your property, but it doesn’t hurt to rethink what you have and improve on it. If you don’t have shutters yet, or are building your home, consider your choices protect your home.

• These are the most expensive of the popular shutter systems. • Push-button-operated roll-down shutters require a battery CasaGuam.com 23


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W h o Ya G o n n a C a l l ?

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Classifieds Commercial Rentals Dededo 106 East Sta. Barbara, Dededo 4bed/1 ba corner house, fenced, and gated. Centrally located close to church, school and malls. Asking $1,200/month. Call MYRNA @ 488-0144

Harmon Ct. Townhouse. 3BD/2BA. Sec. 8 OK. $1,200/month. Call 637-7165 689-3333/688-0887

Residential Sales

Talofofo

Large 4BR/2Ba 1800sqft. House Only 248,000 637-7165 / 688-0887 / 689-3333

Talofofo

Dededo

Two 2BD hse. 1 Full Concrete & 1 semi concrete in one lot. $96K. Negotiable. Call 727-4985.

Ipan Talofofo. Just footsteps away from Pacific Ocean beach, gigantic 3BD/2BA home awaits you. Family room with more than 400sf. $2200/month. Call 687-6900.

Ordot-Chalan Pago Tamuning Commercial space for rent. Approx 850 sq ft., video store or retail business. Asking $850/mo. Please call ANGIE @ 727-2228

Residential Rentals Asan Nimitz Hill, 2BD apartment including ocean view. $950/mo. Modern upgraded, all ceramic tiled, typhoon shutters. Call 687-6900

Barrigada 2b/1b, near Subway with water $830/mo. Please call 637-7165 / 688-0887 / 689-3333

Dededo 1Bd / 2BD / 3Bd located near schools/church/store and just front of park across St. Barbara Church S/F S8/Mil OK Call/LvMsg 727-6456 Ester Garden: Large 2BD/2BA. Very nice. 1,000 SqFt, $800/month. Call 637-7165/688-0887/689-7700.

Dai Ichi Condo. 3BD/1BA, Pool, Sec 8 OK, by O/A. $1,250. Call 637-7165/688-0887 Sunrise D Condo. Large 2BD/2BA. Pool. Very nice. 1,000 SqFt. $1,000/month. Call 637-7165/688-0887/689-7700. Tumon 2bd / 2 ba + Den. excellent condition. Asking $1200. Please call 637-7165 / 688-0887 / 689-3333 / 477-7042 San Vitores Terrace Condo: 3bd/2ba, 3rd floor unit with oceanview, upgraded unit with new carpets, pool, security and basic cable TV. $1800. Call Coral Sea Realty 649-6088 San Vitores Terrace Condo-2bd/1ba, 3bd/2ba - walking distance to beach, rest/bars, church. Asking $950 $1800/mo. CSR- PB 649-6088

Tumon Tumon Horizon Condo: 2bd/2ba, 5th floor, water incl., pool, security $950.00 CSR- PB 649-6088

Barrigada

Multi-Family House/Good Investment located front of Dededo Mayor’s Office/Park & Library Greath Neighborhood / Gated/ Corner Lot/Serious Buyers Only! FOR SALE BY OWNER. Call/LvMsg 727-6456 Villa Rosario Condo: 3bd 2ba Excellent Condition, Pool, Tennis Court, Play Ground. Good Location $160,000.00 Call 637-7165/688-0887 Las Palmas Ph3. 3rd Floor. Large 3BD/2.5BA/2Den. Pool. Excellent Condition. $255,000. Call 637-7165 689-3333/688-0887 Pacific Gardens. 1st Floor. Pool. Security. 1BD/1BA. $47,000. Call 637-7165 689-7700/688-0887/689-3333.

Harmon 3BD/2.5BA Townhouse. Pool. Security. Tennis Court. $1,900/month. Call 637-7165/688-0887/689-7700 Large 4BD/2.5BA. Single home. Pool. Security. Tennis Court. $2,450/month. Call 637-7165/688-0887/689.7700.

Executive 2-story house with a great view, fully fenced and a quiet area. 5bd/3ba w/ 2 huge balconies. SS appliances, wash/dry, 2-car garage. Huge storage shed, a must see, Military OK! $3500/mo. Call Joe @ 483-3333!

Exec. 2 Story/Very Spacious For Sale by Owner. Growing in a great location beside Cost-U-Less Tamuning and Guam Premium Outlet. Great lifestyle and community environment with 5bd/3ba corner lot; nice sized bd on 1st and 2nd flr; master suite w/ jacuzzi spa tub; quality granite staircases; red hardwood railings; crown molding all over the house with open spacious kitchen. Dream home and a good investment! Call/LvMsg 727-6456 Jonestown. 3bd/2ba, Large Yard. Fenced. $320,000 or $1,350 for rent. Call 637-7165/689-7700/689-3333

Tumon View Condo. 2bd 1ba. Near beach. $110,000. Call 637-7165/688-0887/689-333 Lily Village Tumon Condo. Nice. 3BDM 2BA Fully Renovated. $2,000/mo.

Yigo

Chalan Pago 2bed 1bath SFD for sale. 1169sq.m lot Asking $119K. Call Karen 988-1883

Executive 2-story house with a great view fully fenced and a quiet area. 5bd/3ba w/ 2 huge balconies. SS appliances, wash/dry, 2-car garage. Huge storage shed, a must see! $425KSale. Call Joe @ 483-3333!

Sinajana

Land for Sale

Large, villa style home. 5bd/3ba. Completely remodeled. Private and beautifully landscaped. Asking: $579K. (Priced below appraised value.) Call 489-3285

Chalan Pago

Yigo Single Home. Excellent Condition. 3BD/2BA. Large yard. Good location. $1,400/month or for sale $200K. Call 637-7165/688-0887/689-7700.

Tamuning

Tumon For Sale By Owner Summer Palace Estates Located close to Cost-U-Less in Harmon 4Bd/2.5Ba 2100 Sq. Ft. Home located in a secured gated community with swimming pool, tennis court, and playground. New granite countertop and tile floor throughout with typhoon shutters. $440,000.00 Please call 777-0951

Ordot-Chalan Pago Paradise Estates. 4BD/3BA, Exc. Condition, Fenced. $2,450. Call 637-7165 689-3333/688-0887.

Large 4BR/3Ba 2755sqft w/1600sqft covered deck/porch. Detached util & gen. room. Walled/Gated & beautifully landscaped. $529K. Call Michael @ 477-4111

Back of Island Fresh Market. $45,000. Bank Owned. 1,387 +/- sm. Call 637-7165/688-0887/689-3333

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Closing

Message from the Executive Officer

By Peggy Araullo Llagas

AIDS Disclosure and Other Stigmas - Part 2 lthough federal law provide guidelines for handling AIDS disclosures, there are still grey areas surrounding disclosures of other stigmas. When a property defect is physical, disclosure is mandatory in most states. When the defect is an emotional stigma, however, disclosure becomes dependent on materiality. The following guidelines are designed to help a listing agent, when faced with information regarding a potential stigma, determine whether or not a stigma is material to a particular real estate transaction.

A

STEP #1 Determine whether the information is fact or fiction. Investigate the sources of the information, e.g., check newspaper accounts, talk to neighbors, etc. Separate rumor from reality. If the stigma is based on rumor and not on fact, you are under no obligation to disclose. If, on the other hand, the stigma turns out to be factual, e.g. there was in fact a murder, you should proceed to the next step.

STEP #4 Discuss disclosure with the sellers. Go back and talk to the sellers about what you have determined. Walk them through your analysis and show them why this particular factor may make a difference in the sale of their property. If the sellers agree to disclose the stigma, make the disclosure judiciously. It is not necessary to disclose information about a stigma to those who simply express interest in the property. The best time to disclose is at the contract proposal stage. Present the subject as one more relevant piece of information about the property and use simple non-threatening language.

If the sellers disagree and refuse to disclose what you have determined to be a material factor regarding the property, you will need to give up the listing. Because the sellers are your clients, you cannot disclose information that they have specified should remain confidential without violating one of the duties inherent in your agency relationship with them. However, you may also be in STEP #2 violation of the basic duty to disclose material factors that affect the value or Check state laws. desirability of the property. The best way to handle this dilemma is to give Many states have enacted laws that generally apply to AIDS, homicides, or up the listing. suicides, and provide that the stigma is not a material factor which needs to be disclosed. CONCLUSION Remember, property stigmas are emotional issues that need to be handled If a state does not have a specific law governing disclosure of stigmas, there carefully. To reduce the legal risks in this area, it is essential that real estate may be other laws, such as privacy laws, that influence or affect disclosure agents: decisions. State statutes vary widely, however, so it is essential that an agent be (1) understand the issues associated with stigmatized property, familiar with the laws of his state. (2) know pertinent federal and state laws, and (3) know how to evaluate facts and make informed decisions about If there is a law governing disclosure, it will probably state that you have no disclosure. duty to disclose. Because there is no disclosure obligation, investigation into the issue ends here. If there is no law governing disclosure, proceed to Step -National Association of REALTOR®#3. The Guam Association of REALTORS® shall remain your leading advocate STEP #3 for promoting and protecting homeownership on Guam. Ask if your agent Determine materiality. is a REALTOR®. To analyze the materiality of a stigma, you should ask yourself this question: would knowing about the stigma affect the willingness of most people to buy Visit our websites at www.guamrealtors.com and the property or reduce the amount of money they would pay for the www.guamhousingprograms.com. property? Most stigmatized property cases involve stigmas that are less sensational than say a multiple-murder. Less sensational stigmas may or may not impact on the market value of the property. However, it is your job to make an analysis of what a reasonable person would do with this information. Would a reasonable person be willing to buy the property knowing about the stigma? Or, would a reasonable person pay less for the property knowing about the stigma? If, at this point in the analysis, the answer is yes to either question, you have concluded that the stigma is a material fact which should be disclosed. 28 CasaGuam November 2013

For More Information Contact: Peggy Araullo Llagas, Executive Officer Guam Association of REALTORS® Suite 236A Julale Center 424 West O'Brien Drive, Hagatna, Guam 96910 Tel: (671) 477-4271 • Fax: (671) 477-4275 Mobile: (671) 689-4271 • www.guamrealtors.com


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We speak Russian, Farsi, Chinese, Korean, Japanese, Filipino, and Chamorro facebook.com/Century21CommonwealthRealty

RENTALS

Cliff Condo, Agana Heights - 1Br/1Ba - $1,500 - #13-3701 Pacific Gardens Condo, Dededo - 3Br/2Ba - $1,350 - #13-3519 Apusento Gardens, Ordot-Chln Pago - 2Br/2Ba - $850 - #13-3518 Holiday Tower Condo, Sinajana - 2Br/2Ba - $2,200 - #13-3817

Dededo $129,999 2Br/1.5Ba #13-3819

Sinajana $244K 2Br/2Ba #13-3478

Tumon $380K 4Br/2Ba #12-3687

Tumon $349K 3Br/2Ba #13-2466

Tumon $245K 2Br/1Ba #13-2804

Dededo $175K 4Br/2Ba #13-3746

Dededo $270K 3Br/2Ba #13-3459

Yigo $375K 3Br/2.5Ba #13-2388

MongMong-Toto-Maite$250K 3Br/2Ba #13-3761

Santa Rita $215K 4Br/3Ba #13-3663

Yigo $217K 3Br/2Ba #13-3616

Yona $387K 3Br/3Ba #13-3452

Yigo $180K 2Br/1Ba #13-3311

Mangilao $39K 2Br/1Ba #13-882

Dededo $78K 3Br/2Ba #13-2893

Dededo $168K 2Br/1Ba #13-3174

Dededo $223K 3Br/2.5Ba #13-3173

Tamuning $750K 4Br/3.5Ba #11-1889

Dededo $225K 3Br/2Ba #13-3101

Ordot-Chln Pago $432,500 4Br/3Ba #13-2984

Dededo $250K 2Br/1Ba #13-3932

Dededo $197K 3Br/2.5Ba #13-3925

Tumon $107K 2Br/1Ba #13-3889

Tumon $265K 3Br/2Ba #13-3898

Tamuning $4,800,000 Commercial #12-458

Tamuning $650,000 Commercial #13-1488

Holiday Tower Condo, Sinajana - 2Br/2Ba - $2,200 - #13-1909 Hibiscus Gardens Condo, Tamuning - 3Br/2.5Ba - $1,300 - #13-3559

Alupang Cove Condo, Tamuning - 2Br/2Ba - $2,200 - #13-3802 DY Condo, Tamuning - 3Br/2Ba - $2,200 - #13-3773 Tumon Holiday Manor, Tumon - 4Br/2Ba - $2,450 - #13-3765 Dededo Home - 4Br/2Ba - $1,500 - #13-3747 Near Paradise Estates, Dededo - 4Br/3Ba - $2,400 - #13-3783 Latte Heights, Mangilao - 4Br/2Ba - $2,200 - #13-3458 Sunrise Villa, Mangilao - 3Br/2.5Ba - $2,450 - #13-3491 Santa Rita Home - 4Br/3Ba - $1,500 - #13-3664 Yigo Home - 3Br/4Ba - $2,700 - #13-3569 Yigo Home - 4Br/2.5Ba - $2,200 - #13-3460 Perez Acres, Yigo - 3Br/2Ba - $4,400 - #13-1989

Homes & Condos

Perez Ville, Tamuning - 3Br/2Ba - $1,600 - #13-3516

Las Palmas, Dededo - 3Br/2.5Ba - $1,500 - #13-3926 A&D Apts, Tamuning - 1Br/1Ba - $500 - #13-3872 Tumon Horizon Condo, Tumon - 2Br/1Ba - $1,350 - #13-3892 Flora Pago Gardens, Ordot-Chln Pago - 3Br/2.5Ba - $1,400 - #13-3266 Alupang Cove Condo, Tamuning - Studio/1Ba - $1,400 - #13-3186 Sgt E. Cruz St., Santa Rita - 3Br/2Ba - $2,000 - #13-2379 Jonestown, Tamuning - 3Br/2.5Ba - $2,800 - #13-626 Marine Corp Dr, Hagåtña - 1,000SqFt - $1,000 - #13-3764 Marine Corp Dr, Hagåtña - 1,000SqFt - $1,000 - #13-3766 R.K. Plaza, Tamuning - 2,400SqFt - $3,000 - #13-3737

LAND

Pago Plaza, Ordot-Chln Pago - 1,100SqFt - $1,200 - #13-2672

Ipan, Talofofo Lot - 969sm - $38,000 - #13-3494 Yigo Lot - 3,716sm - $110,000 - #13-3786 Paulino Hts Ipan, Talofofo - 990sm - $58,000 - #13-3132 Dededo Lot - 1,402sm - $118,000 - #13-3959

Commercial & Multi-Family

Yigo Lot - 930sm - $140,000 - #13-3925 Rt 15, Yigo - 1,321sm - $35,000 - #13-1179 Rt 4, Yona - 2,992sm - $314,160 - #13-1908 Hagåtña Lots - 7,984sm - $650,000 - #09-1983 Dededo Lot - 2,026sm - $65,000 - #13-3984

Ordot-Chln Pago $170K Multi-Family #13-2506

Tamuning $1,020,000 Multi-Family #13-1677


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