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Top Adding - Homes For Sell By Owner - FSBOs and Buyer Brokers
You’re selling your home as a FSBO (for sale by owner) and you get annoyed when real estate brokers call you, right? That’s a
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
reasonable response when you’re doing all the work to market your property to save thousands of dollars in broker commission
; 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
. However, when a “buyer broker” calls, you might want to listen.
Why Listen
To understand why I say that, we need to under
Why Listen
To understand why I say that, we need to under
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
tand the functions of “listing brokers” and “buyer brokers.” Real estate brokers can and do serve both functions, though some
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
specialize.
Some brokers who call you are interested in listing your home. They want to market your home for you. The amount
Some brokers who call you are interested in listing your home. They want to market your home for you. The amount
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
of commission charged for this service varies, but where I live, most brokers list homes for a commission of 6 percent of th
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
sales price. When the home sells, if another brokerage firm has brought the buyer to the deal, the listing broker pays the s
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
lling broker half or 3 percent.
When you’re successfully operating as a FSBO, you’re getting folks to come and look at your
When you’re successfully operating as a FSBO, you’re getting folks to come and look at your
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ouse, or condo, or whatever, and you don’t need a listing agent. However, what if you’ve been doing this for a while and none
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
of the lookers has been converted to a buyer? What then?
Well, if a broker calls you and says he or she is working with bu
Well, if a broker calls you and says he or she is working with bu
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ers and they’d like to be able to show your home, maybe you should consider it. They probably only expect about half the typi
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
al listing commission. That still allows you to save serious money. Perhaps you can even negotiate down a bit from half. This
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
is especially true if your home is appropriately priced above the average price for a home in your area. In my area where 3 p
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
ercent to a selling broker is frequently acceptable, I’ve seen brokers accept 2.5 or even 2 percent. It doesn’t hurt to ask.
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
As a bonus in that situation, you get someone who is knowledgeable about the process with an interest in getting the deal to
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
ettlement. True, they don’t represent you. They represent the buyer, but the buyer wants your home and the broker wants a pay
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
ay. In short, the buyer broker has incentive to put an oar in when problems arise.
Don’t misunderstand me. I’m not for one s
Don’t misunderstand me. I’m not for one s
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
econd suggesting that you pay more than is necessary to sell your home. At first, take names and phone numbers of “buyer brok
.
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
rs” who call you. Then, if you find you need to, call back the ones who impressed you.
There is a middle ground between goin
There is a middle ground between goin
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
it alone and listing with a broker. If you find you need to, this middle ground can be worth exploring through buyer brokers
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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