What was the listing price of John and Mary Apton's home?

Prepare for the VanEd National Real Estate Exam. Study with interactive quizzes and detailed explanations. Get ready to ace your test with confidence!

The context of the question is to determine the listing price of John and Mary Apton's home, and the correct choice is $152,000. This figure is likely based on the specific details provided in a scenario or example that discusses the factors influencing property pricing, such as market conditions, property features, and comparable sales in the area.

In real estate, the listing price is a critical figure as it not only reflects the seller's expectations but also serves as a marketing tool to attract potential buyers. The chosen price must be competitive yet reflective of the property’s value to ensure that it receives adequate attention in the marketplace.

Understanding the pricing process involves analyzing similar properties (comparables) in the neighborhood, as well as knowing the current real estate trends. Factors such as the size of the home, amenities, and the local market dynamics play substantial roles in determining the listing price. Therefore, if the correct answer is listed as $152,000, it indicates that this amount was well-researched and justified within the context of the surrounding market when determining what John and Mary Apton’s home should be listed for.

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