Answers - Real Estate

Home Staging is on the rise and ever increasing in popularity. With thousands of homes on the market in each city, the competition for homeowners to sell their home ca

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

n be rather daunting at times. It’s imperative to set your home apart to get the most viewings and ultimately the most offers to sell!

Home Staging is the art of desi

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

Examples of combination products may in

gning a home to sell by creating more attractive and inviting spaces by re-arranging furniture and accessories, editing d?cor pieces, selecting colors, de-cluttering,

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

recommending curb appeal and small repairs as well. Staging is NOT decorating. Decorating implies you intend to stay and it is made personal to the homeowner. Home Sta

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

ging is where the home is de-personalized whereby potentials buyers can envision themselves living there. Staging is ALL about the buyer.

Here are the Top 10 Reasons

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

Combination pro

o Get Your Home Staged:

1. You will Make More Money U.S. Housing and Urban Development reports that a staged house sells, on average, 17% higher than

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

a non-staged house.

2. Your House Will Sell Faster The New York Village Voice reported that the average number of days on the market for a staged ho

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

use was 13.9 versus 30.9 days for an un-staged house.

3. The Cost of Staging, Doesn’t Cost A Penny… In a 2003 HomeGain Survey of over 2000 Realtors i

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

t was discovered that sellers who spent up to $1000 Staging their home recovered almost 200% of the cost in the sale of their home.

4. Most Home Sell

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

ers Cannot View Their House Objectively Our homes are like are children, we don’t see their flaws. You need to prepare for what a buyer desires in a home and

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

ake them your priority when preparing your home for a sale.

5. You’ll get great Internet Photos Since a reported 73% of home buyers look at the inter

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

Following aspects would a

net listings before ever booking a showing or buying a home, it is so important to get the best photos to show off your home. A Home Stager will create an inviting atm

dd to the challenges in developing combination products:

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

osphere that is conveyed in the photos posted online. We can even snap the digital photos and send them to you and your Realtor!

6. Only 7% of homebuyers can

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

visualize the potential of a home That’s why staging a vacant home is critical! You don’t want the benefits of your beautiful house left up to the buyer’s ima

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

gination. An empty home lacks warmth and the cozy feelings of home.

7. Studies show that the longer your home stays on the market the lower your selling price

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

will ultimately be… Don’t settle for less and lower your price…have your house staged. The cost of staging is always less than that of your first price reduct

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

Professional from academic institutions, pharmaceutical industries, health care indust

ion!

8. The Money You make is TAX FREE! Take advantage of your tax-free capital gain by getting every dollar you can in the selling price of your hom

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

e.

9. Leaving Your House in an “AS IS” Condition Will Help Sell the Competition Right now the number of homes for sale on the market is at a record h

.

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

igh, competition is getting stiff and buyers have an expectation when they walk through your door.

10. Realtors will show YOUR Home Realtors will be

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

Companies that provide selfless information through particip

more inclined to show a professionally staged home as it has the finished, fresh appearance that buyers crave. More showings results in more offers, and the best price

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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