Welcome to your monthly property update!

Welcome to your monthly property update!




Jack and the Beanstalk | 17th January

A fun pantomime for all the family based on the traditional story of Jack and the Beanstalk, but with some added extras.

Click here to read Jack and the Beanstalk | 17th January.



The benefits of allowing your agent to conduct your viewings


Selling your home is no simple feat, and viewings are one of the most critical parts of the process. While some people choose to conduct their own viewings, there are distinct advantages to letting your estate agent take the reins.

Here are some key benefits of allowing your agent to manage your property viewings:

Professional experience and expertise

Estate agents are trained professionals with extensive experience in conducting property viewings. They know how to highlight the best features of your home and answer difficult buyer questions confidently. Their expertise allows them to present your property in its best light, appealing to a broad range of potential buyers.

Objectivity and neutrality

As a homeowner, you’re emotionally invested in your property, which can make it difficult to remain impartial during viewings. Buyers may feel hesitant to express concerns or ask difficult questions if the seller is present. An agent acts as an objective, neutral party, allowing potential buyers to give honest feedback and explore the property without feeling pressured.

Better time management

Allowing your agent to handle viewings frees up your time, especially if you're balancing work, family, or preparing for your next move. Estate agents can schedule and coordinate viewings around the buyers' availability, ensuring flexibility while removing the need for you to be on call at all hours.

Tailored to buyer preferences

Experienced agents understand the types of questions and concerns that different buyers may have. Whether it’s focusing on local amenities for families or discussing property investment potential with landlords, agents can tailor their pitch based on the buyer’s needs, something that may be harder for sellers to do effectively.

Increased buyer comfort

Potential buyers are more likely to explore the home in greater detail when the seller is not present. When buyers feel at ease, they tend to spend more time during the viewing, asking more questions and visualising themselves in the space. This can create a stronger connection between the buyer and the property, increasing the chances of an offer.

Prompt feedback and follow-up

After a viewing, agents can provide immediate feedback from the potential buyer, which can be invaluable for making any necessary adjustments to your property or pricing strategy. Agents are also skilled in following up with interested parties, gently encouraging them towards making an offer, without appearing pushy.

Local market knowledge

Estate agents know the local property market inside and out. They can provide insights into local market trends, schools, transport links, and future developments that may sway a buyer's decision. 

Reduced stress

Selling a home can be stressful, especially when managing viewings alongside other responsibilities. By leaving viewings to your agent, you can reduce much of the day-to-day pressure and focus on preparing for your next move. Trusting your agent means you can step back, knowing that the sale process is being handled professionally.

 

Ready to start your moving journey? Book a professional valuation with us today



What will the UK 2025 property market look like?


It’s impossible to predict the future, but the 2024 property market made serious strides forward compared to the previous year. So, the market is already looking good, and 2025 promises to be even better. Let’s take a look at why and what that means for you.

Improving growth

Buyer demand and sales agreed were up by 25% towards the end of 2024 compared with the previous year.* This helps set the market up nicely for next year. As movers place their homes on the market to make an early start, the market gains more momentum. All of this means you should be able to sell more quickly and get the price you want for your property with minimal fuss. You can also enjoy exploring different properties as they appear in your inbox.

Good levels of stability

This is key to understanding the market. Far from the fear of sudden drops or high levels of house price inflation, the market has remained stable. Over the course of 2024, average house prices in the UK increased by 1%.* Property values have experienced more significant increases in many regions. The market has entered a new era, allowing you to both buy and sell at a good price. This is largely due to sensible levels of interest rates.

More competitive mortgages

The expectation is that mortgage rates will reduce further in 2025. But if you are holding out for mortgage rates to return to the super low levels of a few years ago, then you will be disappointed. Interest rates are now set at more realistic and sustainable levels. This helps curb house price inflation, creating a more stable market. It’s crucial to remember that compared to years past, interest rates today represent exceptional value.

Lots of options for you

Whatever your property plans are, the upcoming year promises to bring exciting times. More options create more opportunities. When lots of homes change hands, you tend to get a wider choice of properties. So even if you are not quite sure of your next steps, simply exploring the market will offer you much inspiration. This applies whether you are investing, developing, buying a forever home, taking first steps, or looking to buy a second home.

Personal & professional service

At Moores, we are experts in our area with real local knowledge. We look to sell your property for the best possible price, in a time scale to suit our Vendors and we are the only East Midlands agent that actively markets to relocating buyers from London and the South

 

Book a valuation today with Moores
 
 

October Zoopla HPI*

 

 



Good news and more good news for your home


If you’re thinking of selling your home, you’ve probably asked yourself the age-old question: Is now a good time? The short answer is yes – but the property market is no simple matter, so let’s take a deeper look into why now could be the perfect time to get your home on the market.

Buyers are active

The first Bank of England rate cut in four years has led to a notable increase in buyer activity. Lower interest rates reduce the cost of borrowing, making mortgages more affordable for potential homeowners. As a result, the market saw a 19% surge in inquiries from potential buyers in August 2024 compared to the same period in 2023.*
This suggests that more people are considering buying homes due to lower mortgage rates. The rate cut has effectively re-energised the housing market, encouraging more people to act on their desire to buy, especially as the current economic environment favours homeownership.

Supply remains low

Despite the increased interest from buyers, the supply of homes on the market remains 3% lower than pre-pandemic levels.* A common seasonal trend in the housing market is that after the summer holiday season, many potential sellers delay their plans to sell until the new year. This seasonal slowdown in listings contributes to an already low housing supply, giving existing sellers a significant advantage. In markets where demand exceeds supply, you might be able to price your home more competitively.

Houses are selling

HMRC data shows that 90,210 residential property transactions were completed in August 2024, which is 5% higher than the year before.** This rise in completed transactions suggests a healthy market where not only are buyers actively looking for homes, but they’re also following through and closing deals. Increased buyer confidence, likely driven by the lower interest rates and a relatively stable economy, is leading to a greater volume of sales, which can further reinforce market stability.

House prices are predicted to rise steadily

House prices have shown modest growth in recent months, creating a more balanced and stable housing market. With prices rising steadily but not at an unsustainable pace, the market avoids extremes such as overheating or stagnation. This stable environment allows for reasonable negotiations between buyers and sellers, as buyers feel comfortable making sensible offers on properties that are accurately priced.
This equilibrium is beneficial to both parties: buyers aren’t overpaying, and sellers are more likely to get offers close to their asking price. As the demand from buyers continues to outpace supply, house prices are expected to rise further, albeit at a steady and manageable rate.

 

Are you wondering what price your home could achieve? Book your professional valuation today with Moores

 
Rightmove*
HMRC**
 
 
 



Your home is in demand


We’re ending the year on a positive note, with buyer demand soaring 26% higher than the same time last year, as more homes were listed for sale and sellers searched for somewhere new to buy.*
While demand places you in a strong position to sell, it can be challenging to navigate an unbalanced market without guidance. As such, here are our top tips:

Don’t underestimate end-of-year activity

As the year draws to a close, potential sellers often decide to hit the brakes on their moving plans in favour of getting started in the new year. But by doing so, you could be missing out on a sweet spot in the market.
Home buyers have been benefitting from the lowest average mortgage rates for more than a year, which has supported double-digit growth in sales market activity.* Buyers are well-positioned to buy right now, which means you are also well-positioned to sell.

Sensitive pricing

Sensitive pricing remains key for sellers. Pricing your property in line with current market conditions will attract more buyers and keep your property from languishing on the market. With rising buyer demand, setting a competitive price will help you secure more offers and create a sense of urgency among potential buyers.
Collaborating with an experienced agent to determine the best price is essential to achieving the best result, so don’t skip out on an expert valuation from a local agent.

Timing

Timing is everything when it comes to selling. Listing your home during the end-of-year window, when others may be holding off, could give you the competitive edge you need. This is a prime opportunity to get ahead of the usual flood of listings that tend to appear after the Christmas period, which may result in more competition. Taking advantage of the current demand ensures that your property stands out and gets the attention it deserves.

Discreet marketing from Moores

Our discreet marketing service has become very popular and is an excellent way of getting a feel for what buyers may be willing to pay and the level of interest you may receive without entering into lengthy contracts or paying any upfront marketing costs.

We often describe our discreet marketing as being a “litmus test” of the market and no vendor is ever obliged to commit to the interest that it may generate. However, what we do find is that when a vendor is confident that they can sell at the level they wish, they instruct us to search for their perfect onward purchase; all of which can be done with the utmost discretion.

With discreet marketing we often find that buyers are willing to bid strong to prevent a property even reaching the open market putting our vendors in a win / win situation.

 

Ready to get moving? Start your journey with an expert valuation today with Moores Estate Agents

 
Zoopla*
 
 
 



10 selling tips to make 2025 your year

 

If you are considering selling, this could be your year, as the UK property market has made significant progress in 2024. The last quarter of 2024 saw increasingly competitive mortgage rates, which helped to stimulate the market. The number of sales agreed upon increased by 27% compared to 2023.* This has put the market in a good place as we enter another new beginning. Here are 10 top selling tips to make 2025 your year.

First impressions

As potential buyers scroll, make your property jump out at them with those all-important first impressions. Weeding, cleaning, re-painting, grass trimming, and anything else that makes your home look in tip-top shape by increasing its kerb appeal is worth doing.

Make a start now

The Boxing Day Boom and getting an early start in January are both great opportunities to get the ball rolling. But if you feel you would like to wait to prepare your home for sale, then do so. There are always little fixes you can carry out to start the process.

Book a valuation

With house prices holding out well, the market is geared to take an upturn in 2025. This makes it a good time to book a valuation. This will also give you the opportunity to pick our brains on how to make the most of your home’s value.

Make your home enticing

Decluttering your home can be a pain, but it’s worth doing. If kitchen worktops are clear of clutter, they will look bigger. This applies pretty much everywhere, from sitting rooms to floors and bedrooms.

Be prepared

It’s easy to forget about paperwork when your mind is concentrating on preparing the rest of your property. Having certificates and other necessary documents readily available helps to avoid delays. Sorting blemished paintwork and minor fixes can make a big difference.

Clean as much as you can

Some people love it while others hate it. But homes that look clean and in good order attract buyers. If it helps, break it down into sections. Limescale, grouting between the tiles in the kitchen and bathroom, to the patio or decking all add up.

Set the scene

Dressing your home does not have to be an expensive, labour-intensive exercise. Setting the table nicely, fresh towels in the bathroom, neatly made beds, flowers, and plants after you have cleaned and decluttered will help your home look its best.

 

Book a valuation with Moores and get more tips as you find your home’s true value

 
 



The View, Hill Top Farm, Hickling Pastures

A recently completed contemporary home offering approximately 4,000sqft of accommodation with a plot of approximately...

 

 £1,799,950


Click here to read The View, Hill Top Farm, Hickling Pastures.



Spring Lane, Wymondham

An attractive detached family home which has been impressively extended and remodelled since being built in 2006, offering over...
 
£875,000

Click here to read Spring Lane, Wymondham.



New service for 2025

 
 
We have joined forces with 11 like-minded, progressive agents from across the entire UK and together we will offer the finest, most unique homes from each part of the country to the most discerning buyers. The Finest Collection of properties features some of the most desirable homes for sale in the UK, and these can now all be viewed through a specially created website at www.finest.co.uk.
 
Moores was handpicked to be involved in this exciting new enterprise as the foremost specialist agent in relocating buyers from London and the South to this region – and in recognition of our highly personal, bespoke approach to both buyers and vendors. The whole idea is to harness the capabilities of the very best agency experts across the UK in order to offer a service to homeowners seeking a unique home.
 
The Finest Collection is managed by a dedicated property manager with expertise in matching buyers to homes as well as promoting the properties and regions involved at national level. The opportunity to have your unique home featured in The Finest Collection is available to homeowners across our region and will no doubt elevate vendors’ chances of a swift sale by showcasing their properties to the widest possible audience – particularly if the home is featured in the national press. https://finest.co.uk/finest-agents/
 
Especially welcome are the kind of truly unique period and character homes that are plentiful in this region. Other groups likely to benefit from this bespoke group of properties are parents moving here to take advantage of the superb education opportunities, and those relocating to improve their lifestyle. In recent years we have helped parents relocating to all of these schools and more:
 
 
 
Following some brief buyer hesitancy around last year’s election and budget, we are experiencing a huge demand for property in what has been dubbed the new “working from home belt”, as well as the “Notswolds” – a reference to the beauty and high living standards of the region minus the staggering price tag of Oxfordshire.
 


If you are ready to sell, register with Moores as soon as you can to make the most of this unique opportunity. If you are unsure of your home’s potential, speak to the team about an ‘off market’ listing, where you can test the water.