Actual - Real Estate

Just because you list your home for $200,000 dollars doesn’t mean you will put $200,000 in your pocket. The fact is that selling your h

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

ome will cost you a pretty penny. It never ceases to amaze me when I talk to a home seller who believes they will receive the asking pr

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

Examples of combination products may in

ce for their home.

Selling your home will cost you dearly. Let’s look at the figures. Let’s assume that you are listing your home for

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

200,000 dollars with a real estate agent. The first thing most sellers don’t realize is that they will generally sell their home for 95

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

of the asking price. So now the seller is down to $190,000 dollars. The second thing most sellers don’t understand is that they will b

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

Combination pro

asked to pay a portion of the closing cost. This figure is negotiable but usually ranges between 1 to 3 percent of the selling price.

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

o we will assume 2 percent. So now the seller is down to $186,200 dollars. Sometimes the seller will be asked to provide a home warrant

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

which usually cost around $600 dollars.

In addition to the home warranty the seller will be asked to make repairs on the house. This

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

bviously could vary greatly. Typically the amount will be around $2,000 dollars. So now the seller is down to $183,600 dollars. So what

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

other cost could be included? Well in order to sell your home you will need to fix it up. This means landscaping and paint. These two i

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

ems could cost $1,000 to $10,000 dollars. So for our example we will estimate $3,000 dollars. So now we are down to $180,000 dollars. O

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

Following aspects would a

course if you have already moved out of your house then you are paying two house payments. This could get expensive. For our example w

dd to the challenges in developing combination products:

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

will assume the seller is still in the home. The last big cost to selling your home is the agent’s fee. This is between 5% and 7% of t

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

e selling price. So for our example we will use 6%. Therefore the grand total the seller will receive at closing will be $168,600 dolla

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

s. That is a big difference!

So why don’t more home sellers consider alternative ways to sell their homes? I don’t know. I always reco

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

mend trying to sell your home to a home investor. Inv

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

Professional from academic institutions, pharmaceutical industries, health care indust

stors are in the business of buying homes. An investor typically doesn’t care what the home looks like. They will be able to pay cash a

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

d close quickly. Best of all there is no agent involved. Think about it. Before I showed you the cost of selling your home using an age

.

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

t you would have laughed at an offer of $168,000 dollars. But knowing what you know now, what if an investor offered you $175,000 dolla

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

Companies that provide selfless information through particip

s. Would you consider this offer? Before you sell your home think about the true cost involved and then consider selling to an investor

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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