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  • Top Adding - Preparing Your Home to Sell: To Fix or Not to Fix

    Once you’ve made the decision to sell your home, there are a ton of other decisions that immediately follow.


    • Should w
    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 use a Realtor®?
  • If so, who?
  • What should be our asking price?
  • Should we have an open house?
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    >

    But probably one of the most unpleasant decisions is, what do I have to do to get this place ready to sell? Why unplea
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ant? Because it involves TIME and MONEY – two things most home sellers have little of.

    There are three schools of thought on
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    this topic. One is to do nothing, cross your fingers, and see what you get. In areas where the real estate market is hot, many
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    home sellers opt for this solution, because they think buyers are so desperate that they’ll make an offer anyway. And while yo
    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
    u may get an offer, you’ll definitely leave a lot of money on the table in the process.

    The second school is to recognize tha
    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
    some items need to be replaced or repaired, and offer buyers a credit for those items as part of the deal. You’ve saved yours
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    elf the work, but not the money. This option can actually be worse than the first one, because you don’t know how much you wou
    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
    d have gotten without offering the credit. Again, you’ll eventually get an offer, but you’re missing out on getting the best p
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    rice for your house.

    If getting the best price for your house is important to you, the only option is to take care of repairs
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    and do the work to make your house shine (or have it done for you). Here’s why: When you sell your home with obvious repairs
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    eft undone or a credit as part of the offer, you’re sending a message to buyers that your home has not been well maintained. N
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    ow this may or may not be true, but that’s the message that’s sent. And that will drag down the value of your home to those ma
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ing an offer.

    If you go to the effort to make the fixes yourself, you send the message that your home is well maintained. And
    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
    (this is big) you also upgrade the value of those items you just replaced because they’re new…New carpet, New roof, New hot w
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ter heater… “New” has a value to buyers—that’s why new homes cost more than resale.

    Putting your own sweat equity into repair
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    s, taking advantage of zero percent financing at the big box home improvement stores, and utilizing a handyman for certain rep
    .

    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
    irs will help keep your costs in check. Be smart about how you make repairs, and be careful not to over-improve. Your efforts
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    could result in getting thousands more for your home. Compare your time against the reward and you’ll see it’s time well spent


    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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