Answers - Real Estate

The trend to stage homes began on the West Coast back in the 1970’s and slowly spread to the East Coast in the 80’s and 90’s. The service went mainstream with the popularity of the staging-based TV shows such as “Sell This House!” and “Designed To Sell.” Now

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

staging has become as important to sellers as real estate agents.

Not necessarily a redecoration project, staging is a process where homes are imaginatively enhanced to help prospective buyers imagines themselves living in the house. Rather than expressing t

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

Examples of combination products may in

he unique personality and tastes of the present owners, staging creates a neutral, open, and inviting atmosphere which significantly improves the home’s salability. There are different levels of staging ranging from simple adjustments to more involved renovat

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

ons. A staging professional will work with you to present your home in its best light and within your budget. For instance, staging might involve helping the seller redecorate by rearranging the existing home furnishings. There may be a need to select some n

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

ew decorative elements and accessories, such as paint colors, flooring materials, window treatments, artwork, and linens. These changes and additions would be more appealing and more suitable for the particular home, while offering other suggestions with the

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

Combination pro

ltimate goal of making the house more marketable.

You never get a second chance, to make a good first impression.

Putting aside the need to take care of any repairs and problems a home can have, typically, homes are cluttered or filled with an abundance of

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

personal items. This clutter can distract and overwhelm the buyer and keep them from picturing themselves living in the home, resulting time and again in a lost sale. It has been said, there’s only a three-minute window of opportunity to attract a buyer. 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

o, if the seller is serious about attracting a buyer, some preparations must be made to make the home look it’s best. On many occasions, the desire to look one’s personal best and make a good first impression is familiar and customary to most people. And yet,

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

quite often homeowners will present their house for sale as if they’re going out on a first date wearing a worn out bathrobe, slippers, and looking, and dare I say, even smelling, as if they just got out of bed. It may be clich?, but it’s also true with a hom

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

e on the market: You never get a second chance to make a good first impression. When a home is staged properly all the strengths of the house are highlighted and the challenges are minimized. Even the most pristine homes will require some fine-tuning to make

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

hat all-important first impression a good one.

Staging a home for sale is concerned with marketing;It is not about your personal lifestyle.

Most people don’t have imaginations. They cannot visualize themselves living in someone else’s cluttered home or even

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

Following aspects would a

in an empty one. The staging solution presents the home as a cozy, colorful, and inviting form of merchandise. Rather than distracting the buyers with a sales pitch, the successful staging professional enthralls the buyers with a home environment they can re

dd to the challenges in developing combination products:

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

adily and comfortably picture themselves living there. Prepping a home for sale, your goal is to sell it and sell it for the best asking price. With staging, your home may not sell at a higher price than the market allows, but it will sell faster and likely w

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

thout having to renegotiate or lower the price to make the sale. So, which is better? Spending a few hundred to a few thousand dollars to sell your home at the original asking price or dropping the price by 10 to 20 thousand dollars or more?

Staging – A wort

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

hwhile investment.

Similar to the preparations for that “first date,” staging takes time, imagination, and maybe even a new outfit or makeover, realizing that what one has in the “closet” just doesn’t cut it anymore. This doesn’t mean making major renovation

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

s, or going to the expense of building an addition just to compete with some of the more impressive houses in the neighborhood. Instead, a positive impression can be created with properly placed existing furniture, decorative elements, and removal of clutter.

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

Professional from academic institutions, pharmaceutical industries, health care indust

Thus, the rooms can be made to feel larger and more inviting. So staging is a much more practical approach to accelerate a sale and receive the best possible selling price.

For the most part, buyers are already traumatized by the amount of money they will ha

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

ve to spend on a new home, even for those who can easily afford one. The staging preparations will lessen the likelihood the potential buyer will have a negative experience wandering through spaces that are consistently warm and inviting to them. Internally,

.

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

hey experience the WOW! factor. These good impressions will linger in comparison to other homes they visit. The buyer, who makes that all-important emotional connection, becomes eager and desirous to live in that home, and more content to pay the price to own

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

Companies that provide selfless information through particip

it.

Staging is an easy and cost-effective way to present your home for sale in its best possible light. The choice is yours, months on the market or more money in the bank. What are you going to choose?

By Xavier Brown

© Xavier Brown – All Rights Reserve

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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