Appraisals - Atlantic Asset Management Group

Appraisals

Certified Appraising…

Our team will analyze your assets and determine the fair market value (FMV). Upon completion of the analysis, we will provide a full appraisal report that includes:

  • On-site inspector
  • Analysis of assets
  • Photographs of assets
  • Factors affecting the value of appraised assets (identifying marks, condition, etc.)
  • Legal correspondance
  • Negotiations
  • Further research as needed

The reports are prepared in conformity with the requirements of the Uniform Standards of Professional Appraisal practice of the Appraisal Foundation’s Appraisal Standards Board, the Code of Professionals Ethics and Standards of Professional Practice of Appraisal Institute.

Meet our appraiser:

WILLIAM J. SUMMS, SR.
C.A.I., AARE, GPPA, CES, BAS

William J. Summs, Sr., President and CEO of Atlantic Asset & Management Group, is an aggressive, experienced professional in the appraisal, auction and liquidation business. William has vested himself in the appraisal/auction industry and has successfully completed the highest level of the auction industries designation at the Certified Auctioneer Institute (CAI).

Since 1979, Mr. Summs has produced, orchestrated and conducted various types of asset recovery appraisals and auctions throughout Virginia. His activities have placed heavy emphasis on accelerated marketing events, working closely with private sellers, secured creditors, federal and state trustees and has established himself as an expert in asset appraisals and auction remarketing by the United States Bankruptcy Court , FDIC, United States Marshal Service, Drug Enforcement Agency, Homeland Security and the Internal Revenue Service.

Mr. Summs is a licensed auctioneer (VA-619, NC-4789, FL-5771407), independent automobile principal dealer (#6485) and a licensed yacht broker (#40657) in the State of Virginia. Mr. Summs successfully managed and operated a full service Vehicle Heavy Hauling, Private Property / Municipal Vehicle Towing, Recovery & Storage / Public Auto Auction from 1979 to 1998.

Mr. Summs has experience in appraisals of the following:

  • Restaurant Equipment
  • Vehicles
  • Heavy Equipment
  • Retail Inventories and Equipment
  • Retail Fixtures and Equipment
  • Computer and Peripheral Equipment
  • Heavy and Light Duty Trucks and Trailers
  • Bankruptcies (Ch. 7 and 11)
  • Patents
  • Office Furniture and Equipment
  • Electronic Equipment

Serving special asset officers of the following:

  • Monarch Bank
  • SunTrust Bank
  • Branch Banking & Trust (BB&T)
  • Wells Fargo
  • Towne Bank
  • Bank of Hampton Roads
  • Bank of America
  • General Motors Acceptance Corp.
  • General Electric Credit Corp.
  • Deutsche Bank
  • Banco Popular

Member of the following Associations:

  • National Auctioneers Association
  • The Virginia Auctioneers Association
  • The North Carolina Auctioneers Association
  • The Florida Auctioneers Association
  • The Virginia Independent Automobile Dealers Association
  • The Hampton Roads Chamber of Commerce
  • The Hampton Roads Commercial Real Estate Association
  • National Independent Automobile Dealer Association
  • Tennessee Auctioneers Association

Completed the following National Certifications:

  • Auction Technology Specialist (ATS)
  • Graduate Personal Property Appraiser (GPPA)
  • Accredited Auctioneer Real Estate (AARE)
  • Certified Estate Specialist (CES)
  • Benefit Auction & Specialist (BAS)
  • Certified Auctioneer Institute

 

GPPA  ces


Assets for Sale

Monthly News Sign-Up

Sign up to receive exclusive email updates for Atlantic Asset Management Group's upcoming auctions and assets for sale.

Client Testimonials

Carey Flannery, Walsingham Academy

Hi Billy, I wanted to thank you for what you did for us at the auction the other night!! We...
2015-03-03T20:36:54-05:00
Hi Billy, I wanted to thank you for what you did for us at the auction the other night!! We had such a successful evening and I truly feel that wouldn’t have happened without your help and enthusiasm. I know you were in a great deal of pain and I am so grateful that you were still able to make it to Williamsburg for us. I apologize for not being able to say “Thanks” in person that night. I got so busy towards the end that I wasn’t able to catch you before you left. Please know Walsingham is so grateful to you and your wife, as well as Bonita and Ray! I received the final numbers at our Parent Board meeting last night and we raised $140,000! After taking out expenses our profit was $94,000! What an Amazing increase from last year. I am so please with the numbers and attendance. Let’s meet sometime in the coming weeks to discuss the changes we can make for next year. Thanks again, Carey Flannery  

B.A. Andrews Past Auction Goer

Last week I met with William J. Summs, Sr. who owns an auctioneer company. His ph # is 757-461-6867 cell...
2016-01-22T09:42:04-05:00
Last week I met with William J. Summs, Sr. who owns an auctioneer company. His ph # is 757-461-6867 cell is 286-6460 email: wjsumms@atlanticREmarketing.com I have attended a couple of his auctions and the last one he had was held at Rudee Inlet and he sold the house one day and the next day he sold the boat that was parked at Rudee Inlet. What was surprising is that he had 80 people come to the boat auction and a lot of people were from New Jersey and New York. Take time to call Billy and let him explain to you how the auction works. It is certainly worth a try and an opportunity to get the boat sold. B. A. Andrews 757-971-8625

Susan Bernard Executive Director d’ART Center, Selden Arcade

The d'ART Centers annual gala for 2009. 2009-09-01 Dear Billy, Great job! You really did a great job for the...
2014-02-05T16:43:00-05:00
The d'ART Centers annual gala for 2009. 2009-09-01 Dear Billy, Great job! You really did a great job for the d'ART Center Sat. night. So many of those paintings were going no where until you put your magic on them and then the bidding ended far above their retail. Thanks for all the extra efforts. And many thanks for the Grey Goose which was a huge success! We are very grateful for your support. The Reverse auction was terrific! Your crew did a terrific job as well. The registration and check out were smooth and quick. While it is all fresh in your mind, please send along any tips or suggestions for making next year's event sharper and better. Again, many thanks for all you do for the d'ART Center.

Alan Foster, Craters & Freighters

New Dominion Studio FFE Auction 2008-10-01 I really appreciate the wonderful and helpful job they are doing. Not only have...
2014-02-05T16:45:01-05:00
New Dominion Studio FFE Auction 2008-10-01 I really appreciate the wonderful and helpful job they are doing. Not only have they been very good to me, but all of the customers I have seen out there have been helped instantly and professionally. You all run a professional auction and the after auction help is a wonderful surprise. Great job to all! Thanks for having me in to meet and work with you, I look forward to working with you again in the future. Kindest Regards,

Mayor Paul Fraim, City of Norfolk, VA

2004-01-01 "On behalf of the Boards of Directors of the USS Wisconsin Foundation, The National Maritime Center Foundation, and the...
2014-02-05T16:48:06-05:00
2004-01-01 "On behalf of the Boards of Directors of the USS Wisconsin Foundation, The National Maritime Center Foundation, and the Hampton Roads Naval Historical Foundation, I would like to express our gratitude for your generous support of the first USS Wisconsin Gala. Your particiapation contributed greatly to the tremendous success of this wonderful event. It was a warm, but beautiful evening, the food was outstanding, the auction exciting and the excitement genuine. As a result of your generous participation and donations to the Gala and Gala auction, we netted over $50,000 for the three foundations. Once again, thank you for your outstanding support of USS Wisconsin

Tweets!

Auction Search