Answers - Real Estate

Sellers, the world has changed. Why are you paying extra to sell your home using yesterday's methods which are actually more expensive?!?! The answer is probably that you haven't been researching this intensely as you are too busy. You do have a life, right? And I'm sanguine that the "high powered" listing agents whose ads you see all over the place in your Arlington Sun Gazette (insert your ow

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 local newspaper) are not telling you how real estate has changed.... In fact they probably don't even know themselves. And if they did it might make them cry. Yet they continue to talk you into using themselves to sell their homes for 6% commission usually, and because you see their faces everywhere when you read the paper or receive postcards in the mail you usually buy it.

So let'

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

Examples of combination products may in

s begin our lesson on truth vs. bullcrap about selling a home. An article recently came out (see related links) about how the Newspaper Association of America was running an ad campaign promoting papers as "a destination, not a distraction." Anybody who keeps up on news knows that newspapers are suffering greatly in terms of lost revenue from ad sales and plummeting subscriptions. "Real esta

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

e agents and real estate advertising are undergoing a very significant transition period, which is certainly not a surprise," observed Peter Zollman, founding principal of Classified Intelligence, publisher of the Real Estate Advertising 2006 report. "And when it comes out the other end," he continued, "online will be a substantial winner and daily newspaper print is going to be a significant loser.

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

"

An article came out in Businessweek.com that noted how the Net now drives much consumer behavior including real estate. The percent of buyers who found their home on their own before contacting an agent jumped up to 24 percent, from 15 percent in 2004 and 2 percent in 1997. Only brokers themselves point out more homes to consumers, at 36 percent. The article noted newspaper ads accounted fo

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

Combination pro

only 5 percent of sales, according to the NAR. So this is why the $$$$ is shifting away from newspaper ads--the ads cost lots of money but do nothing except make the seller feel better that they see a picture of their home in the newspaper. Much of the 6% listing commission goes to pay for these print media ads which are how the listing agent's get sellers calling them to list their homes

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

in the first place. This brings to mind a rat race of sorts in which nothing is being accomplished except that Sellers' money is being wasted running in circles but getting nowhere.

So let's get more specific and wrap up this post with data compiled by Leslie Appleton-Young, the chief economist and VP of the California Association of Realtors (www.car.org):

100% of buyers start

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

ed looking at homes first online and agents second

92% of buyers found their agent on a web site

So if a buyer searching for a home in your general neighborhood such as "Arlington VA real estate" the buyer is not going to find any of the high powered listings agents' websites (i.e. your home's photo/ad/address) in the top 10. That's not how most LA's operate

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

"Internet buyers bought a home on average after spending 2.2 weeks looking for a home with an agent; traditional buyers spent an average of 7.1 weeks"

So the buyers that search for your home online--not through the listing agents' websites--are much more prepared to do business (i.e. write a contract on your home) than other buyers

The approximate distance

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

between previous residence and new residence for traditional buyers was 25 miles; for Internet buyers, it was 242 miles (you can sell anywhere compared to traditional ways)

Having a high powered online agent gets your home attention from around the country, not just from some people checking out once in a while a copy of the local newspaper

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

www.rismedia.com/wp/2007-02-07/internet-buyer-vs-traditional-home-buyer/">article went on to say, "The money you may spend on brochures, ads, newspaper ads, and the like should be reconsidered and placed into Internet marketing."

The good news is that MUCH internet marketing costs MUCH less than print media advertising--that saves you $$$$ with somewhat of a discounted listi

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

Following aspects would a

ng to be decided between you and your realtor.

finally 70% of people 65+ read a daily newspaper but only 35% of 24 years olds do. "Print is dead to this generation of home buyers." Whose going to buy your home, Mr. Seller (although it the seller is single it's likely to be Ms. Seller since far more single women are buying homes today than single men--more on that anothe

dd to the challenges in developing combination products:

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

r time)??? Somebody who is 65+ or somebody in their 20-30s and even 40s? I submit a younger buyer will purchase your home and he/she will not be looking for it in the newspaper and therefore you shouldn't be paying for it.

So let me hook you up with this article entitled "He

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

p I Can't Find Your Agent". As she states so eloquently, "If you can’t find any trace of your Realtor on Google, do you think your agent has a strong plan for marketing your home on the web?" [and as I hope I've demonstrated, paying out the nose for ads in your local paper isn't a "strong marketing plan"].

"Glossy magazines are pretty, but I can tell you I’ve never gotten many calls off of tho

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

se ads. The weekly newspaper? Forget it. Who wants to search through completely unorganized little boxes with blurry black and white photos that leave your hands smudged?"

Google your agent's name and what do you find? I searched the following phrase, "jay seville" remax and got over 1500 results. I searched the listing agent who lists most of the homes for 6% commission in the neighborhood I u

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

ed to live in Madison Manor, " " weichert and found 1/3rd the results. And when searching for "arlington virginia real estate" or arlington va real estate" or "arlington va home prices" and countless other variations my website was always there for buyers to find a potential seller's home for sale and the listing agent's website was/is nowhere. That is the norm across the country

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

Professional from academic institutions, pharmaceutical industries, health care indust

. Listing agents don't get business from their internet sites to list homes, they get that through attracting homeowners with all their print media advertising. The irony is that buyers find the sellers' homes through the selling agents, so why are the sellers even paying the listing agents? Shouldn't they just use the selling agents (buyer) to list the home in the first place and save money?<

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

/b>

Conclusion: A high powered online agent can sell your home for less by not wasting money on worthless marketing. Even if that realtor doesn't live in your neighborhood he still knows how through countless online methods to get your home far more attention than almost any "listing agent" for less $$$. For example, with 300+ visitors a day to my website where your listing is featured, not to m

.

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

ntion the other venues I use outside of my website, you'll get the far more exposure than traditional media ads locally. And most of the potential buyers that are looking at all at print media ads are still part of those using the internet to find homes; so you lose almost nobody with this approach. I get buyers from all over the country asking to see specific homes in the MLS since my site

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

Companies that provide selfless information through particip

meets their MLS needs for all of NOVA and DC. And it's me they find, not guy smiley in the local newspaper who loves pics of himself on everything. This principle of using the high powered selling agent instead of the listing agent who gets website traffic for your search area to list your home more effectively for less than 6% can be applied all over the country. I use myself as an example only

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Tags

Links

Answers - Truth vs. Bullcrap about Selling Your Home - Stop Overpaying!

Related Articles: