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PHOTO: LJ Hooker 

According to STUFF a “ploy” to attract buyers for an Auckland property has backfired, with a High Court judge ordering the seller to accept an offer $210,000 under her original price.

In May 2020, Yang Li entered into an agreement with LJ Hooker Ponsonby to sell a property in Karaka, south of Auckland, with an asking price of $1.35 million.

According to a High Court judgment released on April 14, Li said she gave clear instructions to real estate agent Eric Fang, a close friend of hers, that she would not consider any offers below $1.35m.

She and co-owner Fuwa Melodi Ding were hoping to get up to $1.4m for the property, which had an Auckland Council valuation of $1.1m.

In July, Fang sent Li a WeChat message that he had found a buyer, a woman named Congmei Ma, who was offering $1.03m.

Li said the offer was far too low, and she did not respond to Fang.

On August 19, Fang presented Li with a signed sale agreement from Ma for $1.03m. According to the judgment, Fang said that Ma was prepared to increase her offer to up to $1.09m but no more. Fang told Li he knew that was not enough, and he had already found another buyer, Li said.

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