Answers - Real Estate

Property Auctions - Why even go there?

Property auctions have been around for a very long time, they are steadily gaining in popularity as the way to buy and sell property effectively. If you've ever attended one, you already know why. Bidding for a property at a

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

uction generates fun and excitement purely because of the time aspect of the transactions. Successfully bidding on your desired property can be done and dusted in less than 5 minutes.

Compare this to conventional estate agent methods where a sale completion can take up to 8 weeks

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

Examples of combination products may in

and even longer in some cases. So why doesn't everyone just buy and sell at auction instead?

The Fear Factor - Many people are just purely too afraid to attend. The butterflies settle in, the legs start to give way; they feel sick and lose the confidence they once had when the orig

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

inal idea was first in their minds. Sounds a bit far-fetched but it's true.

People would rather let estate agents do all the donkey work for them. It is purely a matter of preference for the individual. I personally can't understand why anyone would wish to pay 'over-the-odds' for

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

a specific property when a similar one at auction can be purchased for a discount, unless of course you're after the one in the estate agent's window.

The majority of people attending auction nowadays are the ones building up a property portfolio, buying to rent out or buying to re

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

Combination pro

furbish and sell on for a profit. There are also many people who have decided that even purchasing their first home to live in, is easier than some make out. In today's world of frenzied property purchasing and with so much television programmes showing us how easy it is to "buy an

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

d 'do-up' a property", is it any wonder why so many people wish to follow suit?

The profit potential can actually have such an adrenalin-rush effect, that, if you don't understand a few basic principles, you're doomed for failure ...even before you start.

But before you do decide

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

to give it your best shot …even if it's just to purchase your first home, there are a few stringent rules and facts that you must adhere to and understand fully. Failing to do so could cost you BIG TIME.

So why does a vendor sell at auction?

A vendor (person selli

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

ng the property) will sell at auction simply because of these main factors:

Properties can be purchased, contracts exchanged, completed and paid for in full within 28 days. An immediate audience with cash readily available. A competitive crowd and lively competition can produce a

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

ctive bidding, thus producing a much higher yield for the seller. The seller reserves the right to accept or reject the bid. The buyer can win only if he outbids all other bidders. Not much chance of the buyer pulling out after the gavel has been struck

Changing your mind at thi

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

s stage or any other stage within the 28 day 'Pay-Up' time will result in your 10% deposit being forfeited along with any other fees that the auctioneer may wish to incur.

The types of property being sold at auction are mainly...

1. Repossessions.
2. Private

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

Following aspects would a

Sale.
3. Government & Local Authority.
4. Commercial.

What is a repossessed property?

More often than not, mortgage arrears are the main attribute to a repossessed property.

The owner falling into mortgage arrears typifies a repossessed property. Th

dd to the challenges in developing combination products:

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

e lender under these circumstances will then evict the borrower and take possession of the property. The next stage is for the lender to sell the property in an attempt to recover the value of the outstanding loan given to the evicted owner. More often than not, the loan company wil

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

l accept any reasonable offer even if the price gained at auction is less than what the property was originally bought for.

Cutting their losses doesn't exactly mean the loan company will lose money. There's always more people to burden these costs by way of administration fees, ri

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

se in interest rates and of course the almighty 'redemption' penalty.

Private Sale

The majority of auction room purchases are private sales. Individuals wishing to sell their property quickly with the benefit of having an instant audience for maximum exposure in t

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

he likelihood that it will gain a maximum price, provoked by a possible bidding frenzy.

Government & Local Authority Property

You will find many government and local authorities/councils offering properties for sale through the auction houses.

Why? To sell-off ti

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

Professional from academic institutions, pharmaceutical industries, health care indust

red and worn out properties to make way for new developments.

Either way, many developers purchase these cheaply and normally convert them into river/dockside apartments giving these, sometimes listed buildings, a new lease of life. Some of the oddities you'll come across at aucti

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

on will be: water towers, castles, lock-keepers cottages, churches, farm buildings, old electricity sub-stations and even public conveniences. Yes, people do by them!

Commercial Property

Opportunities in commercial property are in abundance in the UK. Company relo

.

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

cation, downsizing or lease holders selling up can offer the commercial property enthusiast a good form of investment with steady yields and no maintenance costs (these costs are often down to the leaseholder and can be stipulated in certain contracts).

Either way, the quick decisi

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

Companies that provide selfless information through particip

on makers are not only able to seek out the occasional good investment, but the whole process of viewing any property; requesting legal packs and completing the memorandum of sale, can all be done inside a few days which makes buying property from auction, an extremely viable method

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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