Answers - Real Estate

It seems as though the whole Real Estate industry is at a stand still. At least in Tampa, FL where for the past 4 years we have seen a big boom.So what happens when sellers want to sell their home and the buyers aren't BUYING

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

? The answer is NOTHING until something changes. With interest rates higher than the past few years and insurance rates doubling and tripling in some areas my guess is the prices will have to come down. We are seeing insuran

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

Examples of combination products may in

ce at 3,500 per year for an average 1,500 sf home in Seminole Heights.

Add that on to your monthly payment and what you can afford will come down by nearly $300 per month. Stephanie D'attoma, with SunTrust Bank, figured that

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

on a regular 30 year fixed loan, that the extra $300 per month would equate to approximately $46,300 less that a buyer can spend. Likewise, an interest only loan would be equal to approximately $52,500, which is what most hom

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

e buyers are doing.Many sellers many not want to hear that they may not be able to get the highest price as their neighbor who sold last year at this same time. Looking back on the past few years one could say it was a feedin

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

Combination pro

frenzy to get a buyer's offer accepted. Once you submitted an offer there was always that intense waiting period when the buyer would want to know if another offer came in behind theirs and beat them out. I would always say

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

to my clients, "if you really want this home your offer has to be very aggressive". I had one client last year offer 10K above the asking price because he really wanted the home.

Fast forward 1 year, and I cannot say those s

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

ame words to my clients looking to buy. In fact, buyers have become a hot commodity in this section of the State. When my Real Estate partner, Michelle Jordan and myself attending the Greater Tampa Realtor Association Meeting

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

a couple weeks ago, we heard that GTAR was expecting a 25% decrease in membership in the next year! Our guess is because of the lack of buyers in the market. Sellers are being told to expect for their home to be on the market

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

6-8 months, instead of the abnormally quick 2-3 month listing period last year.

What to do if you are a Buyer?If you are a buyer and are considering purchasing a property have a Realtor search properties that have been on t

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

e market at least 90 days. There's a pretty good chance that the seller is getting tired of waiting for a buyer and may be more motivated to sell. If you are searching on-line, you don't have a way of knowing how long that p

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

Following aspects would a

articular home or condo has been on the market. A Real Estate Salesperson can give you that information. We can also tell you if the home had been previously listed and taken off the market. Why would someone want to know tha

dd to the challenges in developing combination products:

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

t? A property that has been listed since October of last year, had 3 price changes before listing with a new Realtor. Chances are that the sellers are very motivated and a lower offer with no Contingencies may get accepted.

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

ake sure you are pre-qualified with a lender and get a "good-faith estimate" This will detail your closing costs, estimated taxes, insurance and your monthly payment. This should be a free service that lenders provide. Ask yo

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

ur Realtor to look at the estimate to make sure it is a realistic amount for Home Owner's Insurance and Taxes. We are seeing buyers become unqualified because their lender didn't estimate the correct amount and the whole deal

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

falls apart, sometimes at the last minute.

Sellers, hire an experienced Real Estate Agent.

If you are selling your home make sure the Realtor you choose is doing the appropriate marketing for your property.
Do they hav

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

Professional from academic institutions, pharmaceutical industries, health care indust

e a website?
How many websites will your property be submitted to? There's always Realtor.com that once a property is listed in the MLS it also goes on Realtor.com.
Does your Realtor pay for extra pictures on Realto

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

r.com, or is there just one picture?
What do the pictures look like? With so many homes on the market your home should stand out with professional looking high quality images.
Has your Realtor suggested de-clutterin

.

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

your home? This will make a big difference on how the home presents itself.
Ask for feedback on showings at least one time a week. This will help you determine why your house isn't selling.
Price the home competiti

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

Companies that provide selfless information through particip

vely.
Take a preview of other homes for sale in your neighborhood. How does yours compare?
Is there new construction in your area? If so, what are they selling for? Expect to be priced less than a brand new home.

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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Developing business plans, wading through loan applications, securing critical market research, exploring product design options, identifying a lasting competitive edge---these are typical of the services that SBDC’s can provide to the entrepreneur.

In this article we talk about venture capital and venture capitalists, who are interested to fund the start-up businesses.

As we matured into adulthood, the whole process of growing up and making a life of our own entailed a great deal of new responsibility. Let’s face it, nobody wants to deal with the chores of daily living, among the most dreaded and overlooked being management of one’s finances. We all love money, that’s what we all work so hard for, to earn money and save and spend it as we see fit. Unfortunately, earning money also entails keeping track of your expenditures in order to be fully aware of how much money you have to spend, and how much you’ve socked away for the future or a “rainy day.”

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