Answers - Real Estate

Buying a property requires good research and project management skills and, above all, good acting.

Look cool and aloof during viewings. A good estate agent will be able to pick up the signs from you that you really love the

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

property. In that case it will be difficult for you to get much off the asking price. During the viewing never start switching off the lights as you move from room to room, it is a sure sign that you like the property and you are starting to

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

Examples of combination products may in

move into it in your mind.

Wait to make an offer. You will sound too keen if you make an offer directly after the viewing. If the agent wants you to offer or if you want to make an offer, ask how much do the vendors want. Nin

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

ety percent of agents will say "the asking price". Do not butt in when they are talking. Some agents will say "the asking price" and continue talking themselves down by several thousand pounds, a sign that they are under pressure to sell the p

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

operty. In this case, wait until they have finished talking themselves down and then ask if the vendor would accept $10,000 less. They will possibly keel over horrified. 90% of them will say, "ok I'll ask the vendor" Say, "no, I'm not making a

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

Combination pro

n offer " but at least you will know a level that you can start negotiations at if you want to. Go away from the viewing and think clearly about whether you want to get into negotiations to buy.

Offer 10-15% below the asking pric

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

e. It is unbelievable the amount of people who come straight in with an offer at the asking price after seeing a house. The Estate Agent will often be able to achieve in excess of the asking price because of this without necessarily having

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

anyone else interested in the property at the same time. As a general rule, offer between 10-15% below the asking price, although you must alter this depending on the market.

Keep your maximum budget to yourself. The major ru

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

e of thumb for estate agents is that 90% of their registered buyers will eventually buy a property up to 10% more than the maximum they had registered to. Generally estate agents will ask the buyer fairly early on how many properties they hav

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

e seen. This gives them a good indication of how close to actually buying a property the buyer is. For example, a young couple starting to buy their first home who have not seen any properties yet will probably be a prospect for buying in say

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

10-15 viewings. However, a second/third time buyer, under offer to someone keen to get into their house will buy within 2/3 viewings if the agent shows them something which slightly exceeds their expectations and if its within 5% of their regi

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

Following aspects would a

stered max.

Always buy a property within ten minutes walk from public transport. This is especially relevant when buying for investment. You can always change the presentation of a property with enough investment, but you wil

dd to the challenges in developing combination products:

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

never change its proximity to transport. In London, for instance, 90% of short hold tenants want to be within ten minutes walk of tube or train.

Think about resale. This is a critical point when deciding to buy. You have real

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

ly got to put yourself in the shoes of the person who is going to buy the property from you when you are finished with it.

Research the rental market when buying to invest. It may seem like common sense, but it is amazing the

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

amount of people who have bought for investment and not researched exactly how much the property would rent for after they have paid for it. Do not just take the word of the estate agent about the local rental market.

Look at mo

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

re than one property. It happens quite often, that, when a buyer fails to find a suitable property in one area after tons of viewings, they go to a slightly different area, find fantastic value for money (in comparison to the last area) an

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

Professional from academic institutions, pharmaceutical industries, health care indust

fall for the first one they have seen. Research is crucial in a new area.

Stick to your goals. Although everything an estate agent says or shows you about a property is covered under various legislation such as The Property

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

Misdescriptions Act and The Estate Agents Act (UK), in certain circumstances, it is difficult to prove the agent was not truthful to you. Many agents use the "old ploy" that they have someone else very interested in the property and "they are

.

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

going to offer the asking price in the afternoon" in order to stimulate you into making an offer. This is illegal.

Make use of professional advice, websites, local information. It may be that if new to an area it makes sense

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

Companies that provide selfless information through particip

to pay for the services of a property finder who has established relationships with local estate agents. Their fees are negotiable and they may even save you money in the long run if they are able to negotiate a good deal for you.

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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Affiliate pay per sale programs pay you a commission for every sale that results from a referral you make. This is a great way to make money online because it effectively means that you don't even have to sell anything - you simply make referrals and pass potential customers on. Here are 3 ways that you can use it to make money.

In this day and age, money is on the top of most people's mind, whether one rich or poor. The difference being that rich people are able to live a life more in accordance to their dreams, whereas poor merely dream and frustrate over the lack of money they have. Not to say money creates happiness, however it does create an environment wherein one is able to fulfill more of ones dreams.

One of my most salient memories from when I sold real estate in Oregon for my Dad’s company was listing a property where the owners had initially tried to sell it For-Sale-By-Owner with no success. After the listing contract was signed my Dad told them, “Next time put your phone number on your sign.”

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