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Guam is an attractive real estate investment destination for many, especially military personnel looking to invest. The island boasts a number of different types of rentals, from single-family homes and multi-family properties to apartments and condos.
Ing to CNMI Constitution at Article XII and the Covenant that created the political union between the Northern Mariana Islands and the United States, only the people of Northern Mariana Island descent can own land.
Guam's new median price for a single-family dwelling is now $426,000, Cornerstone Valuation Guam, Inc.
Guide To Buying A House On Guam Determine your budget. The first step in buying a house is to determine your budget. ... Find a Real Estate Agent. ... Get pre-qualified by a lender. ... Start House Hunting. ... Make An Offer. ... Complete A Home Inspection. ... Obtain A Home Appraisal. ... Secure A Mortgage.
Can a U.S. Citizen Buy Property on Guam? Yes. Both U.S. citizens and permanent residents can buy property on Guam without restrictions, including houses and condos. By the way, the same isn't true of Guam's neighboring islands, the Commonwealth of the Northern Mariana Islands.