Sperry Van Ness Accelerated Marketing
The Sperry Van Ness Asset Recovery Team members have planned, orchestrated and conducted successful auctions, sealed bid initiatives and asset dispositions throughout the United States, Mexico, Puerto Rico and the Virgin Islands.
Our team has hundreds of years of combined experience working for major corporate clients, financial institutions, government agencies, bankruptcy courts, receivers, trustees, developers and investors. We understand that each portfolio or individual property demands creative thinking, strategic actions, and comprehensive analysis to achieve the best results available in the market.
Our goal is to create maximum competition, which equals maximum value for our clients. The Sperry Van Ness Asset Recovery Team is built for better results. Be advised – there is a difference!
Sealed Bid: While this is similar to the Open Out-Cry Auction, offers are submitted in a Sealed Bid format to a certain location on a predetermined day, date and time. Offers are then opened in a closed-door environment and reviewed by the seller and our team as to the price and conformity with the terms of the offering predefined by the seller. This format insures more control over the transaction and is usually best suited for hard to value assets. In this case, the seller has the flexibility to request "best and final" offers from qualified buyers in the competitive range of pricing.
Sealed Bid + Auction: In this hybrid method of Open Out-Cry and Sealed Bid, terms are established that allow for the sealed-bid process to precede the Open Out-Cry event with up to the five highest bidders invited to participate in the Open Out-Cry auction. The highest sealed bid offer received determines the minimum opening bid for the Open Out-Cry auction. This format provides control and flexibility over the transaction and forces interested prospects to make a strong initial offer in order to be eligible to participate in the second phase.
Accelerated Listing: In this method, assets are aggressively priced and exposed to the market for a limited period of time. If necessary, this phase is followed by an accelerated marketing program customized for the asset.
Online Auction: Assets are marketed using a customized accelerated marketing program however all bidding takes place on the internet for the convenience of all bidders.