Answers - Real Estate

The days of putting a sign in the yard and throwing a home in the local Multiple Listing Service are long gone

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

. With the advent of the internet, and technology in general, the real estate industry has changed dramatical

; 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! Do you have an agent that’s marketing your home to its fullest potential?

Here are 10 Questions to ask yo

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

r Realtor to make sure your home is getting the right exposure.

Most importantly, how will your home be marke

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

ed? Agents today should be offering a full color brochure for your home along with a virtual tour available o

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

Combination pro

n CD. Your home should have a HUGE presence on the web. Advertising still plays a key role; your agent shoul

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

be running full page ads in the local paper.

What kind of internet presence will your home have? Top Realto

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

s will now showcase your home with its own website and have someone onsite that works daily with web positioni

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

g and marketing.

Does your agent have the resources to make all this happen? Your Realtor should have an ent

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

ire team to make sure marketing happens. Some may even offer a professional Home Stager to you at no addition

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

l cost.

What kind of communication? Realtors should be offering you a 24/7 online report detailing advertisi

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

Following aspects would a

g, showing feedback and more. Their team should consist of separate closing, listing and marketing personnel.

dd to the challenges in developing combination products:

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

How many transactions have they had? You’re looking for experience in negotiating here.

Customer service is

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

not only still important, it is all important. The Realtor should have a customer focus with all of your spe

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

ific needs as a priority.

What kind of value added services does your agent provide? Realtors need to justif

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

their commission more and more these days. Look for an agent that brings more to the table, such as a Home S

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

Professional from academic institutions, pharmaceutical industries, health care indust

ager, appraiser and even a free moving truck.

How many buyer agents are on their team? More buyer agents bri

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

ng in more buyers to sell your home quicker.

Lastly, make sure you find out how many years of sales experienc

.

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

your agent has had.

If you find an agent that meets all of these qualifications, consider yourself lucky. Y

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

Companies that provide selfless information through particip

ur home will be marketed to the largest possible audience and allow you to get the highest price for 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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