Episode Details
Back to Episodes
"Our house value dropped $250k - should we sell anyway?" Mailbag episode
Description
What do you do when you’re stuck between two bad options?
Sell a home you bought near the peak of the market, even though it’s now worth hundreds of thousands less, or stay put in a house that no longer fits your life?
That’s the dilemma facing this week’s listener. They bought in late 2020, welcomed kids, watched their house value fall by around $250,000, and now feel trapped: too much mortgage pressure, not enough flexibility, and no clear “right” move.
Vanessa Williams from realestate.co.nz is in the expert hot seat, to tell us about the shocking number of New Zealanders in this situation, and what they can do about it.
We talk about:
What selling in a down housing market really means for your money
Whether holding on longer could help, or just prolong the stress
How life changes (kids, cashflow, burnout) should factor into property decisions
Why feeling “stuck” is common, and how a clear plan can restore control
If you’re weighing up sell or stay, worried about selling your house at a loss, or feeling trapped by a house that no longer works for your family or finances, this episode has the tactics you need to be thinking about.
If you have a letter you’d like us to answer, please send it through to ask@francescook.co.nz (mailto:ask@francescook.co.nz) and you might feature on our next episode!
Follow me everywhere!
Facebook / https://www.facebook.com/FrancesCookNZ
Instagram / https://www.instagram.com/francescooknz
TikTok / https://www.tiktok.com/@francescooknz
Join the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribe
This podcast was filmed & produced by Fanaticals
Video editing & content production by Lana Byrne
Audio engineering by Tash Chittock
#MakingCents #FrancesCook #NZProperty #WellingtonRealEstate #NZHousingMarket #HousePrices #NegativeEquity #LowEquity #SellOrStay #propertyadvice
Chapters
- 00:00:00 Introduction
- 00:01:12 Listener letter: bought at the peak, now stuck
- 00:03:43 How common is this situation?
- 00:07:47 First steps: get a realistic valuation
- 00:08:33 Talk to a mortgage advisor or financial advisor
- 00:09:15 Could you wait it out? Considering 2026
- 00:09:57 Creative options: students, Airbnb, and short-term solutions
- 00:11:49 What