Answers - Real Estate

I know the reason you are selling FSBO. You want to save money. You don't want to pay an agent thousands of dollars to sel

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

l your home, but let me ask you a few questions.

Are you willing to pay for advertising? How are people going to know your

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

home is for sale? Do you really expect people to drive into your neighborhood, see your home for sale sign and actually call

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

you? Hold on...I'm still laughing. In order to sell your home FSBO you need to market your home. You are competing with r

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

al estate agents who spend thousands of dollars finding buyers and marketing their listings. These agents also market their

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

listings using the MLS, which you don't have access to. What is your marketing plan? How will people see your home?

Are y

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

u willing to show your home at all times of the day? Real estate agents will put a lock box on your home. This allows buye

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

agents to show your home while you are away. You get to have a life when you have an agent selling your home. If you are

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

rying to sell FSBO you will need to consider that a buyer might call in the middle of the day and want to see your home. Wh

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

t if you can't leave work? You might have a hard time convincing buyers to wait to see your home. Chances are the buyer ne

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ds a home now and therefore wants to see as many homes as fast as possible. If they can't see yours they will move on to th

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

e next home.

Do you have the necessary paper work to complete the deal? What happens if someone makes an offer? Do you kn

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

w how to make a contract? Can you get the buyer, attorneys and banks to the closing table? Real estate agents take care of

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

this for you. You don't want to spend money to market your home, show the home, and get a buyer just to lose them at the pa

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

er work stage. Be prepared to do some serious paper work.

Do you know how to price your home so that it will sell? The ri

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ht price is key to selling your home. You must know the value of your home. Price is the single most important factor in s

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

lling a home. If your price is too high you will never sell it. If your price is to low you will miss out on getting all y

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

u deserve. Get your home appraised online using free home appraisal services. There are several services on the internet t

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

at offer free home appraisals so use at least three and average the appraisals. Once you have a good home appraisal it is m

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ch easier to sell your home.

If you are selling FSBO you must be prepared to spend money, invest time, and do your homework

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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