The headline news? Asking prices across the UK have nudged up again! This follows last year’s end-of-year uncertainty, suggesting sellers and buyers alike are stepping into 2025 with a bit more spring in their step. While interest rates aren’t back to their historic lows, this positive shift indicates people are ready to make their move despite the higher borrowing costs.

Buyers are returning to the market after a cautious finish to 2024, and they’re hungry for well-presented homes. That said, the number of new listings is still catching up, meaning popular properties could see stiff competition. If you’re planning to sell, this can work in your favour—just be sure your pricing strategy is on point!

Bassetlaw is mirroring the national scene, with a gentle uptick in asking prices this month. Sellers are clearly feeling more confident, and buyers who missed out in December or January are keen to jump on new properties as soon as they hit the market.

Three-bedroom semis and detached properties remain at the top of many wish lists. Families want space for an office or extra bedrooms, and Bassetlaw’s blend of value, community vibe, and transport links continues to attract folks from more expensive regions.

Our January update mentioned the strong rental market, and that’s still the case in February. With some prospective buyers holding off until mortgage rates become more favourable, landlords with clean, well-located homes are enjoying plenty of tenant interest.

While rates haven’t magically dropped to pre-2024 levels, banks are a little more flexible than they were even a few months ago. Rightmove reports a moderate rise in mortgage approvals, hinting that lenders see potential in the market. For buyers, that means you might land a better deal if your finances are in good shape—so it’s worth getting pre-approved early.

Pricing your home too high could scare off that perfect buyer. Too low, and you miss out on potential profit. Work with an agent (like us!) who knows the local market to hit that sweet spot.

A tidy, inviting home can make all the difference. Simple touches like fresh paint, decluttered rooms, and decent lighting can attract more interest and higher offers.

Investigate loan deals now. Even if you’re in the early stages, a mortgage in principle can give you a competitive edge when you’re ready to place an offer.

With Bassetlaw’s positive trajectory, locking in a sale or purchase now could benefit you down the road. Property remains one of the strongest long-term investments, especially in regions with stable employment and good quality of life—both of which define Bassetlaw.

In today’s competitive market, reducing the risk of a sale falling through is more important than ever. Nicholsons SecureMove method offers a solution to this common concern. By introducing reservation agreements, SecureMove:

Increases Certainty: Both buyers and sellers commit financially, reducing the likelihood of last-minute withdrawals​​.

Speeds Up Transactions: With conveyancing times often a sticking point, SecureMove ensures that parties are ready to move quickly​​.

Reduces Stress: Sellers can proceed with confidence, knowing their buyer is equally committed​​.

Spring usually marks a surge in property listings, and the signs so far indicate that 2025 will be no exception. Sellers seem more open to testing the market at ambitious (but realistic) asking prices, and buyers are motivated to act quickly in a competitive environment.

Of course, it’s impossible to predict every twist and turn, but Rightmove’s data hints that we’re likely heading towards a spring season full of opportunity—whether you’re planning to sell, buy, or rent out a property in Bassetlaw.

For those considering selling, now is the time to act. The combination of increased buyer activity and Nicholsons proven marketing methods, including:

Presenter-Led Videos: Engaging, professional tours that highlight your property’s best features​.

Matterport Virtual Tours: Allowing buyers to explore every detail of your home from their own living rooms​.

Social Media Expertise: Nicholsons unmatched local following ensures your property gains maximum exposure​​.

These tools not only attract buyers but also encourage competitive bidding, achieving the best possible price for your property.

At Nicholsons Estate Agents, we’ve got our finger on the pulse of Bassetlaw’s property market. Whether you’re a first-time buyer, looking to upsize, or need expert advice on letting out your home, we’re here to guide you every step of the way. Reach out today, and let’s talk about how these current trends could shape your next property move.