Homes for Sale in Edmonton

AUDREY ABUAN - RE/MAX Real Estate REALTOR®

Cell: 780-910-5179
Email: aabuan@remax.net

 


As licensed REALTORS® in the province of Alberta, we are notified when there is a judgment against another REALTOR® in Alberta who has not followed the proper rules and regulations regarding our industry. This includes real estate agents who have been found guilty of practicing real estate without a real estate licence. 


Alberta REALTORS® are governed by code of ethics, rules, regulations and two councils - RECA (The Real Estate Council of Alberta) and CREA (The Canadian Real Estate Association.) Our business is based on working in our clients best interest and providing our expertise, experience and knowledge at a professional level to help sell and buy their homes and businesses.


If someone offers to represent you in a real estate transaction or assist you with securing mortgage financing, ensure that individual holds a licence with RECA. Consumers can search for a licensed industry professional through RECA's Website And remember when encountering difficult financial circumstances, if someone offers you away out that sounds too good to be true, it usually is. Talk to a professional.


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In the month of July 2016, there were a total of 1143 residential properties sold in Edmonton, which is down by 319 homes compared to last year at 1462 Edmonton homes. 56% of the duplexes and row houses sold in July 2016, 44% of Edmonton's condominiums and 59% of detached houses. We currently have a surplus of homes in the market in Edmonton. Our current absorbtion rate is 20.02 weeks or about 4 1/2 month supply of residential real estate in Edmonton. Spruce Grove Alberta has a real estate absorption rate of 17 weeks, Sherwood Park - 13.5, Morinville - 24.375, Beaumont - 22.53 and Devon 23.59 weeks.

 

Edmonton Home Sales July 2016

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Edmonton Foreclosures

I recieved a memo today from the Real Estate Council of Alberta (RECA) which was syndicated to licensed REALTORS® noting concerns consumers who are facing foreclosure. If you are falling behind on mortgage payments, first thing to do is to talk with your bank. And if you have any doubts about the banks practices, contact another well known bank and discuss your situation with them. PLEASE do research! Banks understand that we are in tough times and will accomodate you as much as they possibly can. Rule of thumb: If it seems too true to be real, it usually is. Don't be left homeless!. If you are choosing to sell your property to avoid foreclosure, check out your REALTOR® before signing any contracts!

 

“Our concern is that consumers facing foreclosure will look for any help they can get,” says Charles Stevenson, Director of Professional Standards at RECA. “Fraudsters will promise to stop the foreclosure and keep you in your home. Unfortunately, instead of being rescued, fraudsters take your money, and you end up further in debt and possibly homeless."


Search Foreclosed Properties & Estate Sales in Edmonton & Area

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