Answers - Real Estate

Traditionally, most people trade up when they sell a home and buy a new one. Trading down, however, is becom

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

ing more popular given our changing society.

Trading up is one of the basic philosophies of wealth building

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

Examples of combination products may in

through home ownership. The basic idea is to buy a home and build equity in it. This can be done through hom

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 improvements, paying down the mortgage and natural home appreciation. Once you have sufficient funds, you

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

ell the home and buy a more expensive one using your equity gain.

As our society ages, trading down is beco

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

Combination pro

ing a more common phenomenon these days. Why? Well, a generation of baby boomers are now reaching a magical

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

age – an age when kids move out of the house to go to college or get on with their lives. Once kids move out

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

couples find themselves living in a home that is too big for their needs. The solution is to sell the home

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

and move to one that fits better. Since the new home will typically be smaller, it will also often be priced

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

less than their current home.

If you find yourself in a trade down situation, you have a tremendous advanta

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

e when it comes time to sell your “family” home. Why? Well, you have plenty of equity to play with. The way

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

Following aspects would a

to use it to facilitate the sale of your home is to offer seller financing.

Seller financing is simply what

dd to the challenges in developing combination products:

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

it sounds like. As the seller, you offer to finance part of the purchase price for potential buyers. This al

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

lows buyers to get primary financing much easier than might be the case if they try to finance the full pric

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

of your home. As interest rates rise, the benefits of this approach cannot be understated.

If you offer se

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

ler financing, you are going to place your debt in the second position for the home. In English, this means

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

Professional from academic institutions, pharmaceutical industries, health care indust

the borrower’s lender will have the first lien on the home for the primary mortgage and then your loan will

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

e secured second. Securing your loan is done by filing it on the title of the home. Most states make this a

.

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

pretty simple process with forms. If you are unsure about how to do it, consider having a real estate attorn

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

Companies that provide selfless information through particip

y take care of it. Lawyers can be expensive, but this should not run you more than a couple of hundred bucks

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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Answers - Selling Your Home Faster When Trading Down

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