Top Adding - Real Estate

When you decide to sell your home without a real estate agent, you enter the world of the FSBO sellers. As with any new

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

experience, you need to understand some of the basic language.

Selling your home on your own makes a lot of sense from

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

Examples of combination products may in

financial perspective. Even though the real estate market has cooled off considerably, home prices are still pumped up

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

ompared to historical references. At 6 percent, the commission of a real estate agent can add up to a lot of money. On a

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

$500,000 home, we are talking about a whopping $30,000, which can really eat into the equity you have built up over the

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

Combination pro

years.

If you make the decision to go FSBO, you need to understand a few things. You are essentially taking the oars of

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

the boat and doing all the rowing yourself. This means you need to understand both the concepts involved and the languag

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 used during the real estate process. Here are some tips.

FSBO – This term is short for “For Sale By Owner”. It is imp

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

rtant to understand that it is used as a noun in the real estate industry. Simply put, you are a FSBO. Agents helping bu

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

ers will refer to you and your property by this term. Selling agents will also contact you frequently to try to convert

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

ou from a FSBO to a listing client, to wit, they want you to hire them.

FFMLS – This term refers to Flat Fee Multiple L

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

Following aspects would a

isting Service. Many people that consider selling their home with an agent worry that they will not be able to list thei

dd to the challenges in developing combination products:

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

property in the multiple listing service for the area. In the past, the “MLS” was a list controlled solely by agents an

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

realtors. These days, there are ways to access it without using a real estate agent. You can pay a Flat Fee for your li

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

sting, thus the name.

CMA – This term refers to a Comparable Market Analysis. It is essentially a breakdown of homes in

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

your neighborhood. Information includes things such as the listing prices of homes, valuations and so on. As a FSBO sell

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

Professional from academic institutions, pharmaceutical industries, health care indust

r, you can obtain a CMA by just contacting a real estate agent. They use these reports as lead generators and give them

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

out for free. Tell them you are a FSBO and they will still give you one. The eternal hope of the agent, of course, is th

.

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

t you will fail as a FSBO and hire them.

Obviously, there are many terms that arise in the real estate world. Most appl

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

Companies that provide selfless information through particip

whether or not you are using an agent to promote your property. The above represent a couple you need to know as a FSBO

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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