Today's GuamHome April 2020

TODAY'S GUAMHOME APRIL 2020

WHAT'S INSIDE Meet Our Agents | Market Report | Closed by Today's Realty | Featured Articles On the Cover | Just Listed

OUR OFFICE Welcome to the April 2020 issue of Today’s Guamhome newsletter.

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

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

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

We are never too busy for your referrals!

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

ADDRESS

1700 Army Drive, Suite 101 Dededo, Guam 96929

OFFICE #

(671) 649-4361

(671) 646-0832

WEBSITE

www.guamhome.com

TABLE OF CONTENTS 02

Meet Our Agents

05

04

About Guam

Market Report Residential Market Snapshot from January 1, 2020 to April 1, 2020

06

Closed by Today's Realty A collection of recent homes sold by Today’s Realty

07

Featured Article Adding a Dog to the Family?

How to Stay Social While Practicing Social Distancing

08

On the Cover

09

564 North Dionisio Drive, Umatac

Featured Article Estoppel Certificates

10

Just Listed

Recently listed properties in the market.

Guamhome.com

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MEET OUR AGENTS

Angie Camacho 671.687.0483 angie@guamhome.com

Beverly Brady 671.688.8550 beverly@guamhome.com

Carmen Mesa 671.777.6372 carmen@guamhome.com

Chad Knapp 671.777.6520 chad@guamhome.com

Christine Campos 671.682.2412 christine@guamhome.com

Fumiyuki Takahara 671.488.5502 fred@guamhome.com

Hui Gallagher 671.689.4881 hui@guamhome.com

Jackie Calvo 671.687.5050 jackie@guamhome.com

Janet Calvo 671.687.1841 janet@guamhome.com

Jason Young 671.685.2059 jason@guamhome.com

Shawntel Techaira 671.483.7368 shawntel@guamhome.com

Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.com

Suzanne Naputi 671.482.6426 suzanne@guamhome.com

Vicki Anderson Estes 671.687.3558 vicki@guamhome.com

Yumiko Blaisus 671.688.7791 yumiko@guamhome.com

Anthony Godwin 671.688.8198 anthony@guamhome.com Principal Broker | REALTORÂŽ 2

Guam is our home, we would love to make it yours

John Lin 671.688.8518 john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Clariza Samaniego 671.747.7440 clariza@guamhome.com

Clayton Smith 671.482.6602 clayton@guamhome.com

Dennis Couzijn 671.727.3815 dennis@guamhome.com

Duane Pahl 671.689.7777 duane@guamhome.com

Fiona Hocking 671.988.9982 fiona@guamhome.com

Julie Paxton 671.687.6900 realestate@guam.net

Kimberly Ada 671.489.5232 kima@guamhome.com

Michael Kumar 671.988.6900 michael@guamhome.com

Ray Rupley 671.685.5070 ray@guamhome.com

Sandy Yow 671.687.6006 sandy@guamhome.com

Thinking about a career in real estate?

We can help!

Contact us at 671-649-4361 or broker@guamhome.com Guamhome.com

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ABOUT GUAM There are 20 villages on the island of Guam. The northern, and most populated villages are Yigo and Dededo. The north central villages are Mangilao, Barrigada and Tamuning. The Agana Heights, Asan-Maina, Chalan Pago-Ordot, Hagatna, MongmongToto-Maite, and Sinajana make up our central villages. The southern villages include Santa Rita, Piti, Agat, Merizo, Inarajan, Talofofo and Yona.

Every village on Guam has something for everyone. For example, the village of Agat is famous for its annual Mango Fiesta‌ Where you will find scrumptious dishes made with this delicious fruit. The village of Talofofo, likewise, hosts an annual Banana Festival. In our central villages you will find our capital of Hagatna, the seat of Government. The village of Mangilao is host to Guam’s University and Community College.

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Guam is our home, we would love to make it yours

Residential Market Snapshot January 1, 2020 to April 1, 2020

Average Sold & Rented HOMES SOLD

CONDOS SOLD

HOMES RENTED

CONDOS RENTED

71 Single family homes sold from January 1, 2020 thru April 1, 2020 vs. the 88 homes sold in 2019.

Year to date saw a decrease in the number of single family homes rented at 172 in 2020 and 209 in 2019.

32 Condominium units have been sold from January 1, 2020 thru April 1, 2020 vs. the 52 units sold in 2019.

Year to date saw an decrease in the number of condominiums, townhomes, apartments rented from 270 in 2019 to current year at 262.

Average Sale & Rental Prices HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

The average year-to-date home price of $371,426 was significantly higher than the $358,377 reported during the same period in 2019.

Average single family monthly rentals so far this year increased from $2,290 last year to current year at $2,310.

The strength Guam real of the market continestate ue be residentia s to l rentals

The average condominium sale price of $334,808 in 2020 was higher than the $212,474 reported during the same period in 2019.

The monthly rental rate for condominiums, townhomes, apartments decreased from $1,798 in 2019 to $1,763 for the same period in 2020 .

Average Days in the Market HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

On average, single family home sales in Guam take about 4 months to sell from date listed to date closed vs. the closings for the same period in 2019 at 5 months.

In 2020, home rentals took about 9 weeks from date listed to date closed vs. the closings for the same period in 2019 at 8 weeks.

Unit sales in Guam took about 3 months to complete transactions in 2020. Compare this to the closings for the same period in 2019 at about 3 months.

In 2020, unit rentals took about 8 weeks from date listed to date closed. Compare this to the 8 weeks for closings during the same period in 2019.

Interest rates are still very attractive with fixed rates hovering above four percent (4%). The inventory of homes on the market provides buyers with a good selection of properties to choose from. Coupled with low interest rates, it’s a great time to buy. - Anthony Godwin, Principal Broker *Statistics from Guam Multiple Listing Service from January 1, 2020 through April 1, 2020. **Statistics from Guam Multiple Listing (MLS) from January 1, 2019 through April 1, 2019. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed.

Entire contents, including but not limited to, content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved.

CLOSED BY TODAY’S REALTY

A collection of recent properties closed by our REALTORS®

Tumon Condo | $4,655/mo Days on market: 267 | MLS ID: 19-2587

Las Palmas Ph. III Townhome | $325,000 Days on market: 168 | MLS ID: 19-3936

Barrigada Home | $2,500/mo Days on market: 66 | MLS ID: 20-186

Barrigada Home | $2,200/mo Days on market: 69 | MLS ID: 20-244

Talofofo Home | $2,205/mo Days on market: 39 | MLS ID: 20-421

Dededo Home | $248,000 Days on market: 40 | MLS ID: 19-5133

Paradise Estates Home | $2,450/mo Days on market: 33 | MLS ID: 20-757

Lagoon Condo | $2,205/mo Days on market: 29 | MLS ID: 20-805

Windward Hills Home | $2,450/mo Days on market: 34 | MLS ID: 20-733

Oka Towers Condo | $1,800/mo Days on market: 56 | MLS ID: 20-204

Asan Unit | $1,300/mo Days on market: 30 | MLS ID: 20-541

Santa Rita Unit | $2,205/mo Days on market: 102 | MLS ID: 19-4936

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Guam is our home, we would love to make it yours

Entire contents, including but not limited to content, design and concept Copyright ©2020

by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

Adding a Dog to the Family? Here How to Stay Social While Are Some Expenses to Consider Practicing Social Distancing Getting a dog can be one of the most rewarding things you'll ever do. Seeing your cute pet's tail wag when you get home from a long day at work can be a heartwarming experience that makes the responsibilities of dog ownership worthwhile.

But don't forget those responsibilities, including financial ones, when determining whether now is the right time to bring a dog into the mix. New owners can expect to pay $1,400$2,000 in the first year of having a puppy, and $14,500 over their dog's lifetime, according to the American Society for the Prevention of Cruelty to Animals, or ASPCA. Here are some costs to consider, according to the ASPCA: Food Don't underestimate the cost of feeding your dog. Premium brand dry dog food for large dogs costs an average of $400 per year. Taking care to not overfeed your pet will lower the food cost a little and will also help prevent them from becoming overweight and having higher medical bills down the road.

Boarding and Walking Services Unless you have a kind friend or neighbor that is willing to watch your dog for free when you go on vacation and is able to walk him/her while you're at work, you may need to pay for pet sitters and dog walkers throughout your dog's lifetime.

A 30-minute dog walk on Wag, a nationwide dog walking service, costs about $20.

Boarding on Rover, a network of pet sitters, costs $25-$35 per night, up to $75 in some areas.

It can be incredibly isolating to be stuck at home while practicing social distancing. And that's become the new reality for many Americans. But being at home doesn't have to mean you're alone. There are many ways you can be social and connected while staying inside your home. Here are some tips: Use social media. Everyone is a lot more active on social media right now because it gives people the opportunity to feel connected even if they're in isolation. Use social media channels such as Facebook, Instagram, LinkedIn, Twitter and Snapchat to stay in touch with everyone. You can have conversations through Facebook groups, view videos and content that your friends and colleagues have shared, and share pictures of cute animals because that makes everyone feel a little bit better.

Get on the phone. I know, no one talks on the phone anymore, right? This is the perfect time to change that. Have long phone conversations with friends and family to check up on them and update each other even while you're separated from each other.

Try video conferencing. You can talk to your family, friends and colleagues as if they were in the same room with you. Just hop on a video call and have a conversation like you normally would. Being able to see someone's facial expressions along with hearing their voice will help you really feel connected.

Attend virtual events. You can find practically any kind of event in virtual form online.

Even breweries are participating in the new trend. And there are concerts being streamed so you can rock out with thousands of others online. Find something you're interested in and join a virtual gathering that applies.

This is a great opportunity to connect with people all around the world. Find online groups and communities that you can relate to and join in on the fun! And if you're still feeling disconnected, just remember we're all going through this together and so none of us are really alone.

Vaccinations Puppies need a round of immunizations in their first year, and regular boosters every few years afterward. Vaccinations can cost about $100, though you may be able to get them for free (or a lot cheaper) at vaccination clinics offered at pet stores.

Medical Care Going to the vet can be expensive, with recurring medical care costing anywhere from $210 annually for a small dog to $235 for a medium-sized dog and $260 for a large dog, according to the ASPCA. While emergency care expenses aren't included in the ASPCA data, they can often cost pet owners upwards of thousands of dollars.

To prepare for emergencies, begin saving for this expense as soon as you've decided to get a dog, and buy pet health insurance as a way to defray the costs of expensive medical treatment that may be necessary along the way. Pet health insurance costs about $225 per year, with most plans reimbursing 80 percent of eligible expenses after the annual deductible is met.

Reprinted with permission from RISMedia. ©2020. All rights reserved.

Dental Care A related medical cost is professional teeth cleaning, which costs $200-$300. While annual cleanings are generally recommended by vets, brushing your dog's teeth at home with a pet toothbrush and toothpaste may help save some money in this area.

Reprinted with permission from RISMedia. ©2020. All rights reserved.

Entire contents, including but not limited to content, design and concept Copyright ©2020

by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

Guamhome.com

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ON THE COVER 564 NORTH DIONISIO DRIVE, UMATAC For Sale $235,500 Very solid 4 bedroom, 2 bath home located in the Southern & peaceful village of Umatac. So many amenities include designer kitchen, ceramic tiles throughout, mud-room/laundry room, plus 28 power saving solar panels on the roof. Situated on a 836+/- square meter lot. Located within a few minutes from Umatac Bay and other popular landmarks. Must see!

MLS ID# 20-1187

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Guam is our home, we would love to make it yours

Estoppel Certificates What is an estoppel certificate? Generally speaking, it is a certified statement made by an owner or by a tenant that confirms the current status of the lease between the owner and tenant.

When the owner of a commercial building decides to sell or refinance the property, it is common for the buyer or lender to request the owner provide tenant estoppel certificates in order to determine if the tenant leases are in full force and effect. The process will also ensure that the buyer or lender has a complete copy of the tenant lease and any amendments thereto. This action is intended to prevent any surprises when a new owner buys the property or a lender forecloses and takes ownership.

Let’s say that same owner of the commercial building is leasing the land the building is located upon. A buyer or new lender would want the fee simple owner to sign an estoppel certificate to guaranty the ground lease is not in default.

Typical items addressed by an estoppel certificate include: • Starting date and term of the lease • Any and all amendments to the lease • Statement that the lease is in full force and effect and has not been modified other than by existing amendments.

• Amount of Security deposit being held by owner • Amount of current monthly rent being paid and if there are any past due rents or prepaid rent.

• Assurance by the tenant that the landlord is not in default of the lease.

• Assurance by the fee simple landowner that the lease is not in default.

The word estoppel is derived from “estop”, meaning to stop. It prohibits a tenant from taking a position or saying something contrary to what they have certified in the estoppel certificate, so an estoppel certificate is a document to be taken seriously.

Occasionally there will be verbal agreements between the owner and tenant that can come to light in an estoppel certificate.

Estoppel certificates may also be drafted in such a manner that they give a new lender rights that were not present in the original lease, (effectively amending the lease). A common example of such an amendment is a statement that the lender can assume the lease if the tenant defaults.

Most commercial leases require that a tenant sign an estoppel certificate within a reasonable time frame in order for an owner to be able to finance or sell the property. Some leases go so far as to state if the estoppel is not received within a certain amount of time, the certificate is deemed approved by the tenant!

While they are valuable tools in the real estate transaction, estoppel certificates are serious documents with far reaching consequences. If presented with one, I would make my first call to a real estate attorney for guidance through the process.

BY KIM ANDERSON YOUNG PRESIDENT, SECURITY TITLE, INC.

KIM@SECURITYTITLE.NET | 671.647.8100 FINDING SIMPLE SOLUTIONS TO COMPLEX REAL ESTATE TRANSACTIONS.

LISTED BY TODAY’S REALTY

123 CHARGUALAF COURT, AGANA HEIGHTS

L259-2-4 MERIZO LAND

Located just down the street from Navy Hospital, this spacious central charmer features 4 bedrooms (plus an additional room that can be made into a den), 4 full and 1 half bathrooms, tons of living area space, a large balcony, and a carport.

This southern 931+/- square meter lot is located right along Route 4 in the beautiful village of Merizo. Land is zoned R-1, great for future housing development.

6-1 ROYAL GARDENS TOWNHOME, TAMUNING

132 SANTA LUCIA, SANTA RITA

Grab this opportunity while you can! Renovated and upgraded 3bd/2.5ba unit in the much sought after Royal Gardens Development...need I say more?

Welcome to Santa Rita, the gateway to some of the best beaches, hiking, and mountain ranges on Guam. This 4bd/2.5 bath, home has been kept in immaculate condition. Home is cooled by efficient split a/c units, and all rooms have ceiling fans.

For Rent $2,800/mo | MLS ID: 20-1082

For Sale $397,500 | MLS ID: 20-1161

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Guam is our home, we would love to make it yours

For Sale $58,000 | MLS ID: 20-1121

For Sale $375,000 | MLS ID: 20-952

Entire contents, including but not limited to content, design and concept Copyright ©2020

by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of properties featured for Rent or Sale by our REALTORS®

120 TAISON WAY, BARRIGADA

#3 156 F.T. PANGELINAN DRIVE, SANTA RITA

High atop a hill, and offering a view of the mountains, this unique house is perfect for someone looking to skip the yard work. Each of the 4 bedrooms & living room has a sliding glass door leading to the balcony and view. Enclosed laundry, and good storage, too.

Perfect place to make your Guam home, only minutes from Naval Station. Once home, you'll enjoy the quiet natural beauty all around in a garden setting. Good sized 3bd/2ba unit that allows you to stretch out. Washer/dryer included too!

614 ALUPANG COVE CONDO, TAMUNING

177 AHAU LANE, DEDEDO

Are you looking for the perfect little condo? This 6th floor Alupang cove studio might be exactly what you are looking? Not only does this unit have guamazing views of the ocean and horizon! It also offers Free Water-Free Power-Free Rubbish-Free 1 Reserved Parking!

If your congregation is looking for a new place to call home, consider this 4,100+/-sf church on a 1/2 acre, located on Ahau St., just off Bello Rd. A second church is available in Agat, across from the marina.

For Sale $279,000 | MLS ID: 20-1153

For Rent $1,450/mo | MLS ID: 20-709

Entire contents, including but not limited to content, design and concept Copyright ©2020

by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

For Rent $2,205/mo | MLS ID: 20-1158

For Sale $599,000 | MLS ID: 19-2075

Guamhome.com

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