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Top Adding - Selling FSBO - Is It Your Cup Of Tea?
As equities increase in todays housing prices, more and more owners are deciding to sell "fsbo" to sav
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
e on the commission and also to have more control over the selling process.
If you have never sold "f
If you have never sold "f
; 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
sbo" before it can be challenging and also rewarding. Giving it a try for 4 weeks should be enough ti
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 to test your resolve. In that short period of time, you should be aware of whether or not, going it
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
alone, is for you.
Let's review some of the benefits of selling fsbo:
1. Saving the Commission - I
Let's review some of the benefits of selling fsbo:
1. Saving the Commission - I
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
n todays market most real estate companies charge around 6% with 3% going to the listing side and 3% g
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
ing to the selling side. On the sale of a $300,000 house that results in an $18,000 commission coming
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
out of your equity. If you can sell it on your own, you save that huge chunk of money.
2. Selling
2. Selling
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
FSBO allows you to be in control of the selling process - when it is shown, advertising, buyer incenti
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
es, etc.
3. Selling and advertising "FSBO' seems to be a magnet for some buyers. Just using the wo
3. Selling and advertising "FSBO' seems to be a magnet for some buyers. Just using the wo
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rd FSBO in the heading of your ad should drive the masses to your property. Some buyers love "FSBO's
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
and try to avoid an agent at all costs.
Some of the draw downs to selling on your own:
1. Paperwork
Some of the draw downs to selling on your own:
1. Paperwork
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
paperwork and more paperwork. Just a standard transaction for a residential purchase in my office ha
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
s over 20 pages of paperwork. As a FSBO, you want to make sure you are covered with too much paperwor
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
k and that may just be a hassle for some sellers going it on their own.
2. Headaches with negotiatin
2. Headaches with negotiatin
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
. Some buyers and sellers who can't come to terms just throw up their hands in disgust. An agent has
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
experience with negotiating and is an excellent buffer between the buyer and seller. If negotiating
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
isn't your cup of tea, consider the help of a professional.
As you can see, there are many pros and c
As you can see, there are many pros and c
.
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
ns to selling "by owner". Currently, only about 25% of all "fsbo's" that give it a try end up selling
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
their own home. The rest either take their home off the market or end up listing with a professional
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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