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Answers - Before You Call Your Realtor To Sell
First and foremost, if you are thinking about selling your lakefront home, you need to remember there are huge commissions to be m
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
ade by agents for selling lakefront homes.
So the best way to get the most money out of your property is to devise a plan before
So the best way to get the most money out of your property is to devise a plan before
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
onsulting a listing agent. You should determine what the ballpark value of the home should be and what you can fix prior to listi
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
g it with an agent.
The realtor has their own interests in mind as well as yours, so be mindful to keep your interests paramount!
The realtor has their own interests in mind as well as yours, so be mindful to keep your interests paramount!
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
YOU will want to do a comparable market value of your home as it compares to others on your lake with comparable square footage a
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
alysis of recent sales and pending sales. You don't have to come up with the exact figure, but this will help you come up with a
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
ballpark on what your house should sell for prior to talking to a realtor. Be wary of realtors that price their homes lower becau
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
e they would rather sell more homes with lower commissions rather than less homes with higher commissions. Most realtors, however
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
will list your home at a fair market value.
Remember, the realtor has two celebrations: the first is when the Seller signs the l
Remember, the realtor has two celebrations: the first is when the Seller signs the l
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
sting agreement, giving the realtor an agreement to take a commission off the selling of your property. The second celebration is
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
when they actually sell your home and collect their commissions. Do not underestimate the value to your realtor of just signing t
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
he listing agreement.
Also, it is a good idea to have an inspection done prior to showing the home. Because any Buyer will actua
Also, it is a good idea to have an inspection done prior to showing the home. Because any Buyer will actua
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ly do an inspection anyway, you will want to know what they will find, so that you can have an opportunity to fix it, rather than
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ave your Buyer talk you down several thousands to fix it themselves.
Of course, you will also want to have time to clean up the c
Of course, you will also want to have time to clean up the c
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
rb appeal and make any other fixes on the inside that will add value to your home, prior to listing it with an agent. Make sure y
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
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
u have your home "showing ready" when the realtor comes to your home to sign the listing agreement to put it on the market.
With
With
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
all this in mind, remember, you can really benefit from a good realtor that knows the area well. Lake homes in particular! If yo
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
are selling a lake home, list with an agent that works and/or lives on that lake exclusively. The benefit to you is that those r
.
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
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
altors actually know their market and they may have leads waiting in the wings. They are better able to sell your home than a rea
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tor that does not know his/her market or one who does not know anything about your particular lake.
Finally, trust your instincts
Finally, trust your instincts
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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