Top Adding - Real Estate

There has been a recent upsurge in the popularity of web sites such as HouseValues or Zillow that allow you to enter an address and in a few moments receive a computer generat

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

ed price evaluation of your property. Is this a serious way of determining what your house or condo is worth or an amusing modern day parlor game?

As a real estate agent in

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

Examples of combination products may in

ncline Village, NV on the north shore of Lake Tahoe, I had to see for myself. So, I plugged in the addresses of some recent property sales right here in Incline Village. The

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

graphics were nice and the information interesting, but the price evaluations were not even close to reality. For example, a house that closed escrow on 1/19/06 at $855,000 c

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

me back with a current market value of $1,058,657. Now that is a heck of a lot of appreciation in a market that has been flat all year long, if you believe the Internet estim

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

Combination pro

te.

I tried this exercise for many other properties, including my own home that I purchased in June 2005 and was astounded that every single one was overvalued by hundreds 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

thousands of dollars. Maybe this service works in areas with tract homes, but as far as Incline Village Real Estate is concerned it's not reliable.

It would be tragic for a

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

eller to over-price their property by a large factor and not have it sell simply because they relied on this type of information from a web site rather than an unbiased evalua

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

ion based on a complete walk through of the property. If a seller overprices their property, they may well sit on their property for many months than if they had priced it ri

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

ht in the first place. How much you want for your property and what it will sell for are very often two different numbers.

The only way to truly get a good estimate of the f

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

ir market value of your property is to have a thorough comparative market analysis performed. This analysis will take into account not only the most recent comparable sales,

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

Following aspects would a

ut also other factors such as view, upgrades and remodeling, street noise and traffic, ease of access, compliance with local regulations and other things specific to your area

dd to the challenges in developing combination products:

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

Do not rely on the asking prices of the properties for sale in your neighborhood as a guideline, when it comes to pricing your property. The reason these properties are sti

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

l for sale (especially if they have been on the market more than 60 days) is that they are probably overpriced. Only those properties that have actually sold and those deals

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

hat are currently in escrow can be used to write an accurate comparative market analysis.

When a listing agent makes a presentation to you, it's not the one who quotes the hi

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

hest market value for your home who should get the listing. Rather, it's the agent who will do the best job of getting you fair market value while providing great service and

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

Professional from academic institutions, pharmaceutical industries, health care indust

working hard on your behalf every step of the way. You want the best representation and the highest fair market price, because you won't get the number that is out in dreamla

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

d.

So, have fun visiting these house valuation web sites and enjoy the nice graphs and charts. But do not consider the prices quoted to be accurate and if you really want to

.

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

estimate the fair market value of a property, either hire an appraiser or have more than one real estate agent provide you with a thorough comparative market analysis and then

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

Companies that provide selfless information through particip

draw your own conclusions. Properties sell for fair market value, not what someone wishes they will sell for or what some impersonal software program estimates they are worth

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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How would you describe the state of ethics in business today? Wonderful? Rock solid? No, I think most people are disgusted with it. They are sick of dishonesty and unethical dealings.

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