On 10 April we purchased a home and land at 4448 Indian River Road in Virginia Beach, VA 23456. This property was advertised, auctioned and sold at 2.78 acres in size by Stephen Zedd Auctioneer. A subsequent survey and appraisal showed the size of the property as 1.2 acres. Because the home and property is of considerable less value due to the being less than 1/2 the size as represented by Mr. Zedd, we have suffered financial loss as result. We paid Mr. Zedd a buyer's premium of $21,500.00 the day of the auction, before we knew the property was not as advertised. The difference in value between the appraised value and purchase price is approximately $40,000.00.
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