Top Adding - Real Estate

Although it’s contrary to what many consumers believe, homes sales occur year round; however, springtime is usually the time in the year when most sellers seriously contemplate placi

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

ng their home on the market for sale and housing inventory tends to increase. In my 25+ years of selling and investing in real estate, it never fails to surprise me, how many seller

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

Examples of combination products may in

s often make the mistake of forgetting to showcase their home to appeal to the prospective buyer when they get ready to sell their house.

In spite of how this mistake seems like com

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

mon sense, and could be easily avoided, it would surprise most people to see how often sellers neglect this very thing. When attempting to sell your home to buyers, try to keep in mi

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

d that even before you list your home and set out the yard sale sign, you should develop an objective view of your home as a “product”. The more appealing you make your house (the pr

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

Combination pro

oduct) to the general public by cleaning it, repairing things that need to be fixed and making it presentable, the more likely you will get an offer you will be pleased with (presuma

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

bly a higher one).

Almost without exception, a poorly, maintained home will lower the asking and final selling price of your property. In this day and age of instant coffee, instan

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

t internet access and instant everything else, most buyers just don’t want to spend the time repairing anything. Their lifestyles are just too busy! If it isn’t working properly,

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

t usually ends up costing more at the negotiating table than at the hardware store. Today’s buyer usually just wants to move in and get on with their day-to-day business and not be

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

saddled with repair work and remodeling.

Just look at your own busy lifestyle and ask yourself if you would be inclined to do all the cleaning and repair work you are assuming your

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

buyer would like to do. Unless your buyer is an investor or is handy with home improvement projects, you are more likely to be successful in selling your property at a price you ar

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

Following aspects would a

e pleased with (a higher one), if you prepare it with the expectation that the buyer does not want to do the work. Usually, if your buyer has to spend time in repairing, they will s

dd to the challenges in developing combination products:

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

bconsciously factor in more than the actual cost at the negotiating table. . According to reliable statistics, it can cost the seller two to three times more at the negotiating table

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

than at the hardware store. An investor will do the same except in their case, they will invest the time and effort to upgrade the property and will turn around and reap the benef

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

its.

Furthermore, as more and more realtors are using virtual tours and/or photos of the interior of your home on their internet websites, you need to declutter as much as you can a

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

nd store personal items so your home’s internet pictures or virtual tours truly showcase your house and its features. There is a whole real estate related industry and process refer

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

Professional from academic institutions, pharmaceutical industries, health care indust

ed to as “staging” growing out of the process of cleaning, decluttering and showcasing your home to prepare it for sale.

Keep in mind that your objective, as a seller, is to allow y

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

our buyers to see themselves living in your house and not showcasing junior’s artwork on the refrigerator or dirty dishes in the sink. While depersonalizing your home for the purpos

.

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

es of selling it seems almost strange, it actually serves to allow your home and its features to appeal to a wider market and attract a larger pool of potential, pre-qualified buyers

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

Companies that provide selfless information through particip

. While it has always been an important principle, with almost worldwide showcasing of homes occurring via the internet, it is almost a necessity to view your home in this new light

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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I have referred and alluded to this idea in other parts of this book, as it relates to other topics, so if it sounds extra-familiar – it is! But this is an important concept to understand. You see, when you are building your list, you are really building...

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