A retired couple who sold their dream home for nearly $2 million to a young family were mortified to learn the buyers immediately on-sold the property for half a million dollars more.
“My poor husband doesn’t even want to talk about it, he’s devastated,” Dianne Millar told theHerald.
“It is absolutely galling. We feel foolish. We feel stupid. I think that’s the hardest thing to get over because nobody likes to feel like that.”
Millar and her husband built and landscaped the sprawling four bedroom, four bathroom property on Redoubt Rd in Flat Bush, where they lived for nearly 15 years.
Zhenfeng Xie and his wife Jessy Li visited the property with their children last year to collect a Trade Me purchase. They told Millar and her husband they loved the house and wanted to buy it for their family.
It was not on the market, but the pensioners decided to downsize and free up capital to help their own family.
They obtained a valuation then negotiated a price of $1.95 million and sold privately to Xie and Li in July, with settlement to occur on January 27 this year.
Xie and Li told the couple they planned to live in the house with their extended family from China.
But in February, just two weeks after settlement, Millar received a call from her sister-in-law saying the house was on the market. (more…)
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