Actual - Real Estate

When selling your home today and in this market it is critical to price your home properly for a successful sale. Gone are the days when you could list your home at the top of the market, sel

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

ling your home above what you listed at with multiple offers. When pricing your home for sale, this is not the time to "test" the market. The only thing that will be tested using this approa

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

Examples of combination products may in

ch will be your patience.

It is vital to know the difference between market value and sentimental value before listing your home for sale.

Market value is the price that an interested, infor

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

med, but not desperate buyer would be willing to pay and an interested, informed, but not desperate seller would be willing to accept on the open market assuming a reasonable period of time fo

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

r an agreement to arise.

Sentimental Value is the inflated opinion of your homes value.

It is very hard to be objective about what to list your home at because of your emotional attachment t

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

Combination pro

o it. Unfortunately many homes today are listed at sentimental value. This happens because many sellers list their homes based on what they want to hear rather than what they need to here.

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

The difference for some agents can be the difference in getting your listing or not.

Unfortunately these overpriced homes sit on the market for months. These longer marketing times negativel

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

y impact statistics making it appear that the market is slower than it truly is. A buyer in today's market has time to compare competing homes and are in no hurry to buy. They may look at do

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

zens of homes and become very aware of what is priced right and what is not. Now as your home sits on the market for months you soon realize that you need to lower your asking price. You low

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

er it and a few misconceptions could arise as a result. 1) The perception could be that there must be something wrong with your home that it has not sold yet and now your lowering the price.

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

2) You lowered your price let's wait it out to see if you continue to drop it lower.

Here is what could happen if you do sell your home at sentimental value. The buyer's lender will have

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

Following aspects would a

your home appraised and it comes in at market value which is lower than the sentimental value you agreed upon. Two things could happen at this point 1) is the buyer will need to make up the

dd to the challenges in developing combination products:

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

difference from what the home is sold for and what the appraiser appraised it at. 2) The other possible scenario is the buyer could think that you tried to take advantage of him/her and walk

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

away from the sale altogether.

Here are the benefits of having a pre-listing Appraisal completed by an Appraiser before listing with a real estate sales expert.

The Appraiser will measure yo

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

ur home verifying it with city records this reduces your liability and brings up any discrepancies which could negatively impact your homes value.

This floor plan can be used like new home bu

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

ilders in marketing your home on line and on flyers and other marketing material.

The Appraisal can point out needed repairs, and additions prior to listing the home The pre-listing appraisa

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

Professional from academic institutions, pharmaceutical industries, health care indust

l can be used as a negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer. It's an independent third party opinion of your homes value, and not

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

just your sentimental value.

Get an unbiased advisor to assist you in determining the market value of your home? Lenders throughout the nation hire and depend on Appraisers to estimate the m

.

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

arket value of the homes they lend on for a reasonable upfront fee. This could be the single largest financial decision you make in your life. Get informed before selling your home. The pre-

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

Companies that provide selfless information through particip

listing appraisal will help you to determine what to list your home for prior to listing with a local real estate sales specialist. In this market it is not an option anymore, but a necessity

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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