Answers - Real Estate

Several weeks ago I took a call from a FSBO who wanted to tell us that they would pay a commission to any Realtor i

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

nside our company who would sell their home located in Pembroke Pines, Florida. The home was a 3bed,2ba,2CG pool ho

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

Examples of combination products may in

me and they were asking $365,000 for the home. As faith would have it I had a buyer who I was working with who was

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

looking at homes in this range. I had the FSBO sign an agreement that any client we bought to their home we`d be co

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

pensated a 3% commission.

I took our buyer to the home the next day to view it. The couple who were selling the ho

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

Combination pro

me seemed nice, they gave us a tour of the home.We partied friends and the buyer and I left.

I called the couple a

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

few hours later and told them that the buyer wasn`t interested in their home, but the home showed very well. I tol

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

d them I`d keep my eye out if we have any other buyers for their home.

I received a call yesterday from the FSBO.

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

hey wanted to ask me a few questions. They wanted to know why we as Realtors weren`t showing their home more!

The

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

conversation is as follows:

FSBO: What do we need to do in order to get more Realtors to show our home? Besides yo

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

u, we had one other Realtor show our home and that was it.We went out of our way to call every Realtor in the area.

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

Following aspects would a

What`s wrong with you people? Don`t you like to sell homes?

Me: Interesting question, have you thought about list

dd to the challenges in developing combination products:

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

ng your home with a Realtor?

FSBO: Why? Realtors aren`t going to do anything different than my husband and i, we c

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

an sell our home, we just need Realtors like you to help us!

Me; The market is slow, there aren`t many buyers as t

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

here once was, dealing with a professional at least insures that you`re home is being marketed properly.

FSBO: We`

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

ve had NO BUYERS call us, my husband and I are really concerned about the way Realtors conduct business. You`re not

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

Professional from academic institutions, pharmaceutical industries, health care indust

helping us too well....

Amazing, "I`m not helping them too well".

They admit they`ve had no buyers call them dire

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

ctly, that i was the only other Realtor to show their home and I`m not doing anything for them!!!!

It`s hard to be

.

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

lieve that we as Realtors need to be blamed for everything!!! To all those who want to sell their homes might I su

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

Companies that provide selfless information through particip

ggest that you hire a Realtor, at least that way you can blame someone!

Visit us @ www.floridalistforlessrealty.co

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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