Top Adding - Real Estate

Selling your home may be the most daunting project that you'll ever undertake! But did you know that these 10 steps to selling your home can add thousands of dollars to the selling price and save you headaches in the long run? You should

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

have a checklist of things to do in preparation for selling your home-from the time you make that all important decision to the moment you sign your name on the dotted line. Here's a ten step plan that will help selling your home go more

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

Examples of combination products may in

smoothly.

Step One: Have Your Home Formally Inspected and Appraised By a Professional

Any Realtor will tell you that the key to selling your home is to offer it at the right price, and the best way to come up with that price is to get a

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

rofessional to tell you what your house is worth. An initial home inspection will also help you determine what, if any, problems you will need to repair before your house is marketable.

Step Two: Readjust Your Thinking

The moment you dec

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

ide to sell, you need to stop looking at your home as YOUR home. In other words, you'll need to put aside your sentiments and emotions and see your home as a house - a piece of merchandise that you're preparing for sale. Take a brutal, ho

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

Combination pro

nest look at your home, inside and out, and make a note of anything that is less than perfect.

Step Three: Make Repairs and Improvements

The number one rule of thumb in doing work on your house is: improve when you buy, repair when you s

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

ll. In most cases, you won't come anywhere near recovering the cost of any major improvements that you make just before you sell. This is the time to take care of those repairs that you've put off, such as fixing broken roof tiles, repairi

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

ng gutters and trim, or taking care of that loose hinge that makes the shutter on the bedroom window hang crooked.

Step Four: Take Care of the Cosmetics

This is also the time to consider repainting, inside and out. You'll get the biggest

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

return on your investment on cosmetic improvements - a new paint job, new carpeting, or new landscaping.

Step Five: Decide If You're Going to Sell Your Home Yourself, Or Hire a Realtor

There are definite pros and cons to either option.

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

n general, if you need a quick sale, or if you don't have the time to put into marketing your home yourself, a Realtor will likely be your best option. Realtors have the expertise to market your home to the right buyers, and the time to do

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

it right. If, on the other hand, you have time to sell, or want to save the commission fee that you'd pay a Realtor, there are many options available to the sell-it-yourselfer.

Step Six: Do Some Market Research

Whether you're selling yo

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

Following aspects would a

ur home on your own or contracting with a Realtor or real estate agent to sell for you, you should do a bit of market research. The price you list your home for will be the single most important factor in how quickly it sells, or if it sel

dd to the challenges in developing combination products:

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

s at all. Find out how much similar homes in your neighborhood have sold for in recent weeks, and adjust your expectations accordingly. Remember, even if your home has been appraised far above the prevailing community prices, pricing it ac

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

cording to the appraisal rather than the neighborhood is a poor business decision. Buyers buy location as much as they do 'house'.

Step Seven: Set the Stage

Depersonalize your house. Put away all personal memorabilia. Take family photos

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

off the walls and mantelpieces and tuck knick-knacks away out of sight. After you've put away all your personal accents, take a look around. If it's bare, perk things up with a few potted plants or 'neutral' accents. Remember, the more po

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

ential buyers can visualize the house as "theirs," the better chance you'll have for a sale.

Step Eight: Advertise Your House for Sale

If you've decided to sell on your own, you'll need to advertise. Get your house listed in local 'Home

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

Professional from academic institutions, pharmaceutical industries, health care indust

for Sale' magazines, place ads in the local newspaper, put up a sign on your lawn and at the end of the street, and put your home up on the web on a sell-your-own-home site. See ( forsalebyowner.com ) as an example.

Step Nine: Hold an Ope

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

n House

Open houses are a great way to have your house seen by many people at once. Plan a weekend open house when you first put your house on the market, and make sure that the Realtors in your area are aware of it so that they can bring

.

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

their buyers to see your house.

Step Ten: Have Inspections Done Beforehand So That You Will Have All the Paperwork On Hand

While some buyers will still insist on having their own inspections done, many will be grateful to be spared the e

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

Companies that provide selfless information through particip

xpense and time. It's one more thing that can expedite the selling process once the offer is made.

It's not impossible to have smooth transaction throughout the process of selling your home-it only takes a little planning and organization

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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