Edmonton, July 9, 2013: Last month, the REALTORS® Association of Edmonton donated $5,000 for flood relief in Southern Alberta. The funds were directed through the National REALTOR® Care Foundation campaign to the Red Cross to help address the immediate needs of flood victims.
However, the disruption in homeowner’s lives does not end when the waters recede. Many people in affected area will be displaced for months and perhaps years. Their homes will require extensive cleanup and repair and may be subject to mould and contamination from sewer backup and water infiltration.
In recognition of the on-going need, the REALTORS® Community Foundation in Edmonton (RCF) will be accepting donations from REALTORS® and the public and matching all contributions, dollar-for-dollar up to an additional $5,000.
“As REALTORS®, we know how connected people are to their homes,” said Susan Horon, President of the REALTORS® Community Foundation. “Your home is a refuge and the centre of family life. When it is suddenly swept away it is devastating. The Foundation is proud of the support that our members give to the community and we expect that REALTORS® will step up to help people restore their lives after the disaster.”
The flooding does not just affect homeowners in the immediate area. A buyer expecting to move into a riverside home at the end of June may have already sold their existing home and may now be homeless. At the same time, the seller who was counting on the sale of their now flooded home to finance a move to another neighbourhood cannot complete the sale. The seller may be forced to pay both mortgages until the property is remediated. Landlords may also be affected by the loss of revenue properties.
“There will be dozens of real estate transactions that are cancelled or delayed because of the damage to flooded property,” said Darrell Cook, RAE President. “While lawyers sort out the legal implications, REALTORS® will be working with the homeowners to help them find another home and become resettled.”
Donations by REALTORS® can be made through eRAE and members of the public can send cheques to:
REALTORS® Community Foundation
14220 - 112 Avenue
Edmonton, AB T5M 2T8
or call 780-453-9345 to pay with a credit card. All donations will receive a tax receipt and be matched by the Foundation dollar-for-dollar.
supplied by the ereb