Actual - Real Estate

Gone are the days when homes barely lasted a day in the Orlando real estate market before being bid on multiple times and closing at or above the asking price. With the overstock of invent

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

ory available today, buyer’s have more choices and less pressure in the home buying process. Where does that leave the seller?

Ask any seller whose house has been on the market for 6 mont

; 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 to a year how bad the housing market is, and they’ll tell you. But, in fact, home sales for 2006 in Orlando were the second highest ever. So why hasn’t your home sold?

In a buyer’s mar

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

ket, a motivated seller has an obligation to work towards the sale of his or her home. It would make sense, right? Right. With more and more options available to buyers, you can’t afford

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

to not be proactive in getting your home sold. Sadly enough, many sellers don’t know that they might be sabotaging the sale of their own home. If you find that you are doing one or more o

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

Combination pro

f the activities on this list – well then – we have a problem.

Top 10 No-No’s that Sabotage the Sale of Your Home

1. Personal photos scattered throughout the home

When buyers visit your

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

home, you ideally want them to picture their family living there, not yours. We all love Aunt Bessie, but pack those photos away so you can start picturing yourself in your next home.

2.

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

Clutter, clutter, everywhere

The first thing that I always advise sellers to do is grab some boxes or giant Tupperware containers and pack that clutter away. Collectibles, excess kitchen

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

gadgets, loads of books, and pretty much anything else creating clutter, should be store away. No ifs, ands, or buts. Clutter blocks a homebuyer from being able to see a home. Your home

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

is main character on this stage, not your ceramic teapot collection. Pack it up!

3. Overpricing your home

We all want as much money as we can for our home. After all, it’s the most imp

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

rtant and largest investment that most people in their lives will ever make. Aside from the material, it’s also a home, a place where families are raised and memories are made. No value c

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

Following aspects would a

n be placed on that. REMEMBER THAT. No value can be placed on the sentimental. You and I may both agree that we believe your home is worth a million dollars, but a home will only sell fo

dd to the challenges in developing combination products:

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

r the price that the market will bear. Don’t blame your Realtor for discouraging you from wanting to list for a million. It’s not your Realtor’s fault – blame the buyers. If you just can

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

t part with your home at a realistic price, you probably just aren’t and won’t sell it anyway.

4. Choosing a professional to sale your home based on the wrong criteria

The sale of your h

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

ome is a personal matter. When choosing a real estate professional, choose someone you trust to work for you. Don’t be scared to interview Realtors and find someone who’s going to offer y

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

u the best service and work with you to achieve your goals. Review their plans for marketing your home, how and when they will communicate with you, what they’ll do to bring you qualified

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

Professional from academic institutions, pharmaceutical industries, health care indust

buyers, and how they will work to get your home sold in the least amount of time for the best price.

5. Being present for showings and Open Houses

One last thing – staying home while you

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

home is being viewed by buyers or cruised by potential owners during Open Houses, is not ever – REPEAT AFTER ME – not ever – a good idea. Not ever. Remember Rule #1 – Buyers want to see

.

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

themselves in their homes – not you. You may know your home better than anyone else, but that’s what you hired a professional for. If you’ve followed #4, then that professional knows ever

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

Companies that provide selfless information through particip

thing you do about the house and can be trusted to brag about all of its unique features.

Stop sabotaging the sale of your home today. Get packed, and get ready to move into your new home

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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Find out if your level trust for your customers is killing their trust in you. You break these trust issues, and sales will soar.

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