Answers - Real Estate

This article was written to help the seller focus on the FIVE major areas today’s buyers look at when considering a home to purchase.

These five areas all w

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

ith in the seller's control such as the appearance and condition. These may look simple enough, but how are they over looked by the vast majority of sellers

; 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 agents. Visit a few open houses to see how true this is. Remember buyers consider each of these areas when deciding to make an offer to buy a home!

1

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

. Think Like A Buyer!
According to the National Association of Realtors home buyer reports, buyers may look at an average of 10 homes before decidin

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

g on one. Regardless of how many homes are available in their price range, buyers search for the best value in their target area. Don’t make them overlook

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

Combination pro

our home because of a small easy to repair or replace item. Give them a strong desire to stay.

2. Curb Appeal
Drive up to your home and look at

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

it carefully as would a potential buyer. Look closely at key items such as the

Landscape, driveway and sidewalks
exterior paint, siding and roo

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

exterior doors and windows

Make certain each is in its tip top condition; you never know when a buyer might drive by before scheduling a showin

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

g with their agent.

3. Inside Your Home
Staging is the catch word in today's real estate market and in this case less is definitely more. Use t

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

hese tips as a guideline to stage your home

Remove as many belongings and furniture as you can, but not everything! Use remaining items to focus att

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

ntion on details such as a fireplace, large windows, etc

Repaint rooms with dark colors or bad paint. Use light neutral colors for this.

Replace he

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

Following aspects would a

avy curtains with light ones and clean the windows to allow light in.

Clean the floors and carpet. Replace bad flooring now; don't offer a credit at clo

dd to the challenges in developing combination products:

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

sing!

4. Your Asking Price
Find out what similar homes in your immediate market area have been selling for and price yours accordingly

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

. If you set the price too high, be prepared for a long market time and few if any showings. The hard truth is buyers don't care what a seller needs to net

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

from the sale of their home. They are looking for homes priced right!

5. Its Show Time!
Leave your home at least 15 minutes prior to a schedule

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

showing and don’t return until 15 minutes after the showing. If the buyer’s agent and buyers are at your home when you return, drive around for a while.

Be

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

Professional from academic institutions, pharmaceutical industries, health care indust

fore you leave make sure everything is in its proper place. If time permits, freshen up a little. Now isn’t the time to do major house cleaning.

Plus One

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

- Inspections
Here’s a bonus for reading this far! Have your home inspection by a qualified professional home inspector, and or what ever inspecti

.

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

ons are required by local codes prior to placing your home on the market and make the repairs as outlined in your report. This will help the buyer feel more

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

Companies that provide selfless information through particip

at ease with your home.

I hope you've enjoyed reading this article as much as I've enjoyed writing it. Please feel free to contact me for the entire report

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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