Top Adding - Real Estate

Selling your home yourself, commonly called For Sale By Owner or FSBO, is a method employed by a growing number of homeowners chiefly to

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

offset high real estate commissions. With real estate commissions as high as 6%, property that is valued at more than $300,000 can easi

; 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 mean a real estate commission of $20,000 or more. These monies are nearly impossible to recover in the form of a higher selling price,

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

therefore some sellers have opted to list their homes for sale apart from the services of a licensed realtor and keep the commission. Le

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

’s take a closer look at the FSBO trend and see if a sale of your home apart from a realtor is right for you.

Before going the FSBO rou

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

Combination pro

e, there are some questions you must ask yourself:

How long do I plan on listing the home by myself? In other words, if the home doesn’

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

sell, will I keep trying to sell it on my own or is their a specific timeframe when I will quit and turn over the work to a realtor?

D

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

I realistically have the time to sell the home myself? Remember: all of the legwork accomplished by your realtor will have to be done b

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

you when doing a FSBO. Should you decide to go ahead and sell your home on your own, please consider the following points:

Any perso

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

can claim to have the funds available to purchase your home when in reality they do not. Make certain that prospective buyers carry a p

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

e-approval letter from a respected mortgage company before proceeding.

Will you have the time to make appointments for interested parti

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

Following aspects would a

s to stop by your home? Will you be able to correctly assess the proper market value for your home apart from the input of a realtor?

dd to the challenges in developing combination products:

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

Do you have the correct legal documentation to proceed with a sale? Importantly, at this point in the game retaining the services of a r

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

al estate attorney is essential. Who will pick the title company and who will pay their fees? Will you offer a home warranty with th

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

sale of your home? What does that warranty cover and will it protect you in the event something major happens? What legal protection

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

o you have in the event the buyer chooses to sue you 6 or 12 months later?

Going ahead with the FSBO requires that you be fully aware o

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

Professional from academic institutions, pharmaceutical industries, health care indust

your responsibilities in helping to bring the transaction to a successful conclusion. While a FSBO deal can result in financial savings

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

for the seller, the time expended in arranging the sale of the home is typically greater than most sellers anticipated.

Clearly, FSBO i

.

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

n’t for everyone and studies have shown that as many as 80% of FSBO listers eventually choose the services of a licensed realtor to move

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

Companies that provide selfless information through particip

their homes. So, before embarking on a FSBO listing, weigh all of the factors and the legal requirements of your state before proceeding

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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