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9 Documents That Help You Reap Real Estate Tax Breaks

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The benefits of being a homeowner are felt all year long, but at tax time, it gets even sweeter.

Technically speaking, tax day isn't until April 15th. But for Americans who expect a refund—including many homeowners who want to cash in on real estate-related tax perks—filing early means quicker cash in hand. If you count yourself in that number, you'll like this handy guide which outlines 9 ways to help reap every penny of the tax rewards you've earned by virtue of owning a home. Just round up these pieces of paper as you prepare to file and see what your home can do for you!

While listing inventory is down, pending and closed sales are up!

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On February 6th, the Northwest Multiple Listing Service reported that "the housing market is healing itself and the numbers are astoundingly good." NWMLS stats show pending sales in January 2012 outgained the same month a year ago by 739 transactions, a 13.7% increase over January 2011. Declining inventory, extremely low interest rates, and positive job growth are contributing to rising optimism among industry professionals, but NWMLS Directors say distressed properties continue to be a drag on the market's recovery. Inventory is down almost 20% from a year ago. Several areas in King County reported declines of 30% or more in the total number of active listings. The NWMLS reported 3,469 closed sales last month, up nearly 8.2% from a year ago when 3,207 completed transactions were reported. For now, home prices are showing mixed signs -- stabilizing in some areas, while declining or increasing in others. "Price increases are muted by short sales and foreclosures that are causing low appraisal values."

2011-2012 Cost vs. Value: Which Remodeling Projects Pay Off the Most?

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When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck. Read the article here