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So you have scheduled the appointment with the Appraiser to have your home appraised. What should you do prior to the inspection, to maximize your value and possibly save some m

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

oney as well?

In the days prior to the appraisal inspection, do a home inventory of all the repairs you made since you bought the home include (copies of receipts if you have th

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

Examples of combination products may in

m) or your contractors estimates/ cancelled checks for major improvements. If you cannot find the paperwork list them down with your best estimate for each.

We recommend you bu

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

llet point all of these improvements and repairs on a piece of paper and present it to the appraiser when he/she first walks in. This will assure that the Appraiser does not mis

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

anything and will speed up the appraisal inspection. Get copies of "signed off: permits or contractor estimates of work you have done. The Appraiser will require a copy of a s

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

Combination pro

igned off permit for any additions to be credited. Most often than not it does not appear on city records (not updated yet in many cases). If you do not have this at time of in

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

pection the Appraisal can be made "subject to" permits thus causing delays. Or in many cases it is completed "as is" omitting the area altogether and giving this area value as a

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

dditional storage area as an example.

If you have a copy of your previous appraisal make a copy of the report prior to the inspection and provide it to the Appraiser. If you ha

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

e done improvements since the appraisal was done make sure you list them as suggested above.

Do not follow the Appraiser around pointing out every small detail of the home. This

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 not only distracting but many homeowners unwittingly point out various things they have done to the house that have little or no impact on the value. The Appraiser is not th

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

re to buy your home so you do not have to try to sell it to them.

The Appraiser can only address what presently exists and the condition your home is in at the time of inspectio

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

Following aspects would a

. They can address your property "as is" or "subject to" in determining the estimate of value. Do not tell the Appraiser of all of the things you plan/hope/wish to do to your h

dd to the challenges in developing combination products:

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

ome. In most cases it will have little to no impact in the final value estimate. Save your wish list for your contractor.

Do not worry about not having the laundry done. We a

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

e not there to judge your housekeeping; we are only looking at the physical characteristics and condition of your home. However remember that the appraiser will be taking inter

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

ior photos for the lender a well as for the appraiser's own liability.

Most Appraisers love dogs but place them out of the way or in a kennel or dog run when the appraiser is th

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

re.

Do not water down your yard and driveway right before the Appraiser inspects your home if you can. The appraiser finds him/herself walking thru mud which could be tracked

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

Professional from academic institutions, pharmaceutical industries, health care indust

into your home and increasing the possibility of slipping or falling.

If you have security bars on your bedroom windows and they have no safety releases they must be removed.

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

his is not only for your health and safety but the lender will require that they be removed. If they are not removed prior to the inspection, the appraiser must set up a re-insp

.

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

ection which will be an additional cost to you from the appraiser as well as your time and delay of your loan. You could lose a rate lock with the added delay.

Follow these sim

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

Companies that provide selfless information through particip

le suggestions and you will speed up the inspection process, assure nothing is missed, and maximize the appraiser's ability to determine the estimate of market value of your 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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