Selling Real Estate: Choosing a Realtor to Help You Sell More Easily and Make More Profit
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
kquote>
Whether you are planning on purchasing a home, selling a home you already own, or both, statistics show that you will benefit from
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
using the services of a Realtor. These benefits include both higher profits and an overall smoother transaction.
A Realtor, also sometimes referred to as an agent, a salespe
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
rson, or a broker, can make all the difference in how your transaction moves along from start to finish. You will be spending lots of time with this person for several months
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
so it is best to make sure that you choose someone who understands you and your particular situation.
If you have a home to sell, look for a Realtor who is familiar with your
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
neighborhood. No one can be an expert in every part of a city, but many people who work in real estate pride themselves on being extremely familiar with a small section of str
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
eets and homes. Ask your neighbors for recommendations or look at "for sale" signs that are currently posted in front of homes in your neighborhood. You may be in contact with
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
the person who sold you your home and they may still work predominantly in your area. Also, look for Realtors who "farm" - they go door to door handing out pens and notepads
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
and answer any questions homeowners may have. If you are ready to purchase a home, follow this same procedure in the area where you are looking to buy.
Set up appointments at
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
different times to meet with the three Realtors that match your criteria. Make sure the appointments are several hours or even a day apart so that each Realtor has sufficient
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
time to talk to you without having the times overlap with each other. Real estate people are aware that you will be talking to others before choosing someone to work with but
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
it is best to avoid a potentially awkward situation.
Be prepared to spend at least an hour getting to know something about them. Allow them to walk through your home, ask you
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
questions, and give you their presentation. Many Realtors will bring a presentation book with them that shows what they have done over the months or years they have been in t
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
he business and any awards or recognitions they have received during this time. When they are finished ask them questions that have not already been answered. Find out what th
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ey did before they were in real estate, where they live, what activities they are involved with in the community, and so on. Thank them for their time and tell them that you w
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
ll call them in three days with your decision. Never sign a listing or any other agreement with someone until you have met with all three Realtors and had a chance to discuss
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
your findings with your spouse and other family members.
Over the next three days you will see how the various Realtors you interviewed handle this type of situation. Remembe
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
r that this behavior will be indicative of how they will act during the months they are representing you. Be sure to call each one and tell them of your final decision. Be pos
.
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
itive when telling the two you did not choose what led you to your decision.
You will find that spending the extra time and effort ahead of time to interview and get to know
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
several Realtors will make your real estate transaction go more smoothly and result in substantial financial benefits for you when the deal is finally completed.
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products