Answers - Real Estate

There is a general perception regarding real estate agents as a whole and how they operate. Many believe that all Realtors are created equal, and when they go to list their home often pick one for all the wrong reasons.

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

The perception lies in what a Realtor really does to sell your home, and that any real estate agent can do the job. Although any real estate agent can do the job, not every real estate agent will do the job right, not eve

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

Examples of combination products may in

y agent will do the job ethically, not every real estate agent will keep open communications with the seller, and not every real estate agent will actively put out 110% to actively sell your home. Currently there are over

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

4,000 active Colorado Springs real estate agents. You may think to yourself, wow that’s a lot how would I distinguish between them. This may at first appear overwhelming, but after reading the guidelines below you shoul

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

have an easier time find the right agent for you.

1. Don’t choose a Realtor who promises they can sell your home for the highest price! It’s unfortunate, but this is often a trick some agents will utilize to get your li

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

Combination pro

ting. They will come in and tell you how high they can sell your home for fully knowing that they can’t sell it at that high price and will then come to you weeks later asking you to lower the price. When an agent gives

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

ou a listing presentation make sure they are backing up there figures on the facts! They should show have recent comparable sales, actives, and pending listings in your area. They should also give you statistics on what

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

he overall real estate market is doing as well as what your sub-market is doing. Look for an agent that provides you with a solid understanding of your real estate market backed by statistics and facts and doesn’t promise

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

you the world but is realistic in the pricing.

2. Check to see if they have a marketing plan for your home outlined for you to see. Buyers can come from various sources, and many agents believe that they get a listing pu

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

it up on the MLS and just sit and waite for a buyer to come along. Although this tactic may sell some homes, it doesn’t truly give you the service you deserve. In today’s real estate market that won’t set you above the

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

ompetition doing everything possible to sell your home. Today approx. over 70% of home buyers first look to the internet to find their next home, and with all the resources available you need to have an agent who is aggre

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

Following aspects would a

sive in utilizing today’s technology and all marketing avenues to help sell your home. It’s a numbers game, and buyers come from all directions. So make sure your agent won’t just list your home and sit and wait for a bu

dd to the challenges in developing combination products:

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

er to come, but actively markets and services your listing to help seek out and find a buyer for your home.

3. Do yourself a favor and pick a Realtor who is in real estate full time as a career. Many agents just have a l

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

cense and do real estate part time, or on the side. These agents are not relying on income from real estate as a means to earn a living, they are simply looking for an extra buck here or there. With part time agents you

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

an’t be sure that they are on the cutting edge of the latest real estate trends and technology or that they will give your listing 110% of their time and effort. By choosing a full time career Realtor, you are giving your

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

elf a better chance of choosing someone who takes buying and selling homes as a profession. Someone who thrives on and earns a living through real estate. These agents will usually be in a much better situation to better

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

Professional from academic institutions, pharmaceutical industries, health care indust

serve their clients properly, effectively, and professionally.

4. Choose an ethical Realtor. Although it is often hard to determine an individuals values and ethical behavior it is a critical aspect in finding your next

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

eal estate agent. An ethical Realtor will ultimately look after your needs and interests before anything else. By choosing a Realtor to sell your home you are placing a tremendous amount of trust in what they agent tells

.

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

you and how they guide you. This trust or lack of, can ultimately led to your wallet and whether or not your home sells.

5. Make sure your agent communicates well with you. You are the key elements of selling your home,

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

Companies that provide selfless information through particip

and successful agents must be in regular contact with you. Your home may be on the market for 4,5,6 months or more, and the ability to communicate well with your agent is a critical piece in successfully selling your home

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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