Answers - Real Estate

Many say that the housing bubble has burst and it's very difficult for people to sell their homes. Housing sales have decreased dramatically the past few months, and housing prices are falling all across the country. Many homeowners are still h

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

olding on to unrealistic expectations and many would-be buyers are making ludicrous lowball offers, so the market is basically at a stalemate. As inventories jump, prices will have to plummet. Many don't expect it to get better until at least 2

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

Examples of combination products may in

08.

Last year and part of this year, home prices skyrocketed to ridiculous levels. And now, no one wants to be the last person to have paid way too much to buy a house.

If you own your house and waited too long to sell, I've got a few tips to

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

help get your home off your back:

1 - Start with your Real Estate Agent - Make sure your current agent has a ton of experience. Used to be you could hire any agent, with only 2 months on the job, and the house would sell before her or she pou

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

ded the "For Sale" sign into the ground. No more. Get someone with experience, name recognition in the community, and superior sales skills.

2 - A Proactive Agent - Get an agent that will truly "pound the pavement" for your listing. You need a

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

Combination pro

proactive agent that will be out there, moving and grooving on your property. Many of the newbie agents that got into the biz over the last two years will be in "career change" mode in the next few months. The real agents who know how to work w

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

ill be the ones who survive this cycle. Find one who will work for you!

3 - Know an Agent's Quality - A great agent will guarantee his or her service in writing. A bad one would run for the hills from a guarantee. A great agent will not make y

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

u sign a long term listing agreement. A bad agent will freak out if you won't sign a fat contract. If it's not working out, you need to be able to cut the cord.

4 - All the World's a Stage! - Hire a "stager" to go through your house and make y

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

ur house sellable. Many people wrongly think staging is too expensive. Not true. It's about being creative, not spending money. It's actually possible to sell your home "as is" (and not stage) and lose money.

5 - Realistic Pricing Plans - You'

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

re not going to get the big profit you thought you would. Plan accordingly for a much more stingy market. Let your agent do the research on the right price for your home, in your neighborhood. I would recommend not leaving your house on the mar

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

et too long (and expect some really low lowball offers.) If you've already moved and cannot sell, consider renting the house out at a reasonable rate to help provide some relief.

6 - Self Staging - You're a Do-It-Yourselfer, huh? Okay. Know th

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

Following aspects would a

s - any wild and crazy decorations, furniture, fixtures, colors, and designs in your house will turn off the average John Q. Public homebuyer. You might have the most clever and eclectic taste on the planet. Your artsy friends think your house

dd to the challenges in developing combination products:

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

is "to die for!" But dark, rich colors on the walls and ultra-modern furniture can turn off today's picky buyer.

SELF-STAGING TIPS: - To save money, make sure you have Curb Appeal: manicure the front lawn, add some colorful flowers, paint the

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

shutters, trim bushes, paint the front door a nice neutral color, brush falling leaves off the roof, etc. Lay down sod if the summer beat up your grass. Add a new doormat.

- Is any room in your house red? Blue? Bright green? School bus yellow?

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

Paint it. Creams, whites, pale yellows, coffees, and light earthy greens. With white trim around the doors. Use an eggshell paint to keep off fingerprints and make it easy to clean before an Open House.

- Declutter. Remove those piles of books

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

, magazines, and newspapers. Less is always more. Remove anything and everything knick-knacky. Take out all your family photos. They want to picture themselves living there. Again, less is more. Makes the house look and feel bigger.

- Check un

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

Professional from academic institutions, pharmaceutical industries, health care indust

er your 70's orange shag rug and pray someone put hardwood floors there. Pull it up, rent a buffer (or hire someone to simply re-finish the floor), and you've got an inexpensive way to add home value.

- Turn cluttered kid's rooms into a guest

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

edroom. Not everyone has or likes kids. It could turn them off to see a pink bedroom with ponies and stuffed animals.

- Steam clean the carpets. Remove pets to the Mother-in-Law's house (you might be used to the odors, but...) if you have them

.

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

. Use new fresh towels, candles, and flowers during an Open House.

- Replace blinds. Keep curtains open during showings - natural light sells.

- Make sure the house has "feature cards" in every major room (sell features, such as 'air conditio

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

Companies that provide selfless information through particip

ing', 'new water heater', 'finished basement') for showings.

- Get rid of dirty clothes, trash in waste baskets, mail on counters, make it look like no one lives there. Or a photo layout in "Metropolitan Homes.

Good luck in selling your house

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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If you open a dollar store you will soon discover that the most successful stores are built on strong relationships. Those relationships involve employees, customers, suppliers and vendors and the community. Long term growth and success are built on those relationships.

In the last lesson we talked about the importance of leadership in marketing. Let's take a closer look at what that means when you're communicating to your prospects and customers through ads, letters and other marketing collateral.

Have you ever been introduced to a few people at an event and then draw a blank because you have already forgotten their name?

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