Darren has been actively Listing and Selling Residential Real Estate in Barrie, Innisfil, Essa and Oro/Medonte for over 6 years. His passion for Real Estate and his ability to work with people have allowed him to successfully close transactions effeciently and as smoothly as possible, with integrity and honesty always being the forefront of every deal . Being a full-time REALTOR gives him the ability to be there through all stages of the process from start to successful finish! Bringing new methods of advertising and using today’s latest technology to complete full market analysis for pricing and professional photographs, your home will be marketed with maximize exposure and priced to maximize your investment, while keeping competitive in today’s slowing market!
Darren Johnson Sales Representative
Sutton Group Incentive Realty Inc., Brokerage
tel.: OFFICE: 705-739-1300
Amortization Schedule – A clause in your mortgage which
allows the lender to demand payment of the outstanding loan
balance for various reasons. The most common reasons for
accelerating a loan are if the borrower defaults on the loan
or transfers title to another individual without informing
Appraised Value – An “appraisal” is a comprehensive report
that determines the value of your property based on a number
of valuation factors, ranging from gross living space, to
the view and the year a property was built. If you plan on
purchasing a new home or refinancing your current loan, you
will need to order an appraisal. Usually a bank or mortgage
broker will handle this for you, but you will still have to
foot the bill unless it’s built into your mortgage rate.
Fixed Rate Mortgage – A fixed-rate mortgage is a loan that
charges a set rate of interest that does not change
throughout the life of the loan. It is the traditional loan
used to finance the purchase of a home and is what most
people have in mind when they think about a mortgage.
Interest Cost – The cumulative sum of the amount of
interest paid on a loan by a borrower. This amount should
include any points paid to reduce the interest rate on a
loan, since points are in effect pre-paid interest.
Additionally, any negative points or rebates paid by a
lender to a borrower should be subtracted from the interest
cost as they are in effect a refund of future interest the
borrower will pay on the loan.
Broker – In the United States, real estate brokers and
their salespersons (commonly called “real estate agents” or,
in some states, “brokers”) assist sellers in marketing their
property and selling it for the highest possible price under
the best terms. When acting as a buyer’s agent with a signed
agreement (or, in many cases, verbal agreement, although a
broker may not be legally entitled to his commission unless
the agreement is in writing), they assist buyers by helping
them purchase property for the lowest possible price under
the best terms.
Listing – Open listing, this is an agreement whereby the
property is available for sale by any real estate
professional who can advertise, show, or negotiate the sale.
Whoever first brings an acceptable offer would receive
compensation. Real estate companies will typically require
that a written agreement for an open listing be signed by
the seller to ensure the payment of a commission if a sale
should take place.
As you know, when buying a home or selling property, the agent you INTERVIEW has to have your best interest at heart. When dealing with one of your biggest investments, make sure you ask your potential agent what he plans to do to make the process as stress free as possible while keeping the excitement as high as possible.