Just Answers - Real Estate

Why use a Real Estate Agent to Sell your House?

A house is generally the largest investment that an individual makes in their lifetime. When it comes time for you

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

to sell your home the bottom line is "Am I getting the best price for my house?"

In an effort to save money and maximize return, many people decide to go with "For Sale B

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

Examples of combination products may in

y Owner" (FSBO). It seems easy enough until you begin to look at the massive amount of work and uncertainty involved. Add to that, national statistics show that 80% to 90%

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

of FSBO properties eventually list with a real estate agent.

As you begin the process of selling your house, you are faced with the following questions.

What i

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

s the right price?

What about marketing my house?

How do I make sure I'm dealing with qualified buyers?

What about the final sale?

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

Combination pro

> The services of a qualified real estate professional of the highest value in answering these questions.

A good real estate agent has a strong understanding of the loca

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

l real estate market, a high standard of customer service and the support of a solid local company. Most importantly, a good agent saves you money, time and aggravation.

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

Setting the Price --

Real estate agents know the value of real estate in your area. They should be able to show you properties comparable to yours that will help s

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

t a fair and competitive price on your home. They can compare current homes for sale as well as recently sold homes. Price variables include age of home, number of bedroo

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

ms and bathrooms, pool, garage type, renovations and other amenities. A real estate agent can assess the fair market value and help to set an agreeable asking price.

M

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

rketing Plan --

Marketing your house is far more than putting a sign in the yard and an ad in the classifieds. A real estate agent should offer a variety of marketing

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

Following aspects would a

tools including a yard sign, advertisement in local real estate magazines, inclusion in the local Multi-List Service (MLS), inclusion on their website and printed flyers

dd to the challenges in developing combination products:

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

or brochures. This multifaceted marketing plan ensures that your property is seen by scores of potential buyers.

Remember that the agent is not paid unless the house sell

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

. Their commission depends on them implementing a successful marketing strategy.

Finding Quality Buyers --

An agents time is limited so they take care to bring qu

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

ality buyers to your home. Many agents prequalify clients with a mortgage company before showing them a home. This is doubly beneficial. First, the buyers are serious. Sec

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, the buyer is only looking at homes they can afford.

Not to beat this point, but agents don't make money showing houses, they make money selling houses. A good agent w

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

Professional from academic institutions, pharmaceutical industries, health care indust

ill make sure that the traffic coming through your home are quality buyers.

The Final Sale --

As expert in the home selling process, your real estate agent will a

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

dvise you of your rights, options and obligations. Their negotiating skills help in determining appropriate offers, presenting counter-offers and getting you the best pr

.

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

ce possible price. They can help break down the legalese of the contract and streamline the process of closing the sale.

Why use a real estate agent to sell your home?

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

Companies that provide selfless information through particip

--

Because it pays! It limits your stress, provides good marketing, offers quality buyers, gives invaluable assistance in closing the sale and provides peace of mind

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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