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Top Articles - Teach Your Realtor How To Sell Your House!
"Call it what you want, this buying and selling strategy really works in any housing market!" stated Realtor Mike Payne with Horizon Realty (Sarasota, Florida) of Southwest Florida.
The various terms "lease-o
The various terms "lease-o
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
ption," "rent to own," lease-purchase" and "lease to own" allow both buyers and sellers to take advantage of a "sub" market, a market not exploited by traditional Realtors.
A "rent2own" by any other name sti
A "rent2own" by any other name sti
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
l smells so sweet…when done legally and ethically.
"Owner financing is not new…far from it. In various forms, buyers and sellers have utilized 'rent to own' strategies for decades," Payne confirmed.
When don
"Owner financing is not new…far from it. In various forms, buyers and sellers have utilized 'rent to own' strategies for decades," Payne confirmed.
When don
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e right, both buyers and sellers enjoy a win-win transaction. The buyer gets a nice home in a nice neighborhood at a fair price and with time to get financing. The seller gets his sales price, depreciates his
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
roperty during the lease term, and collects a sufficient option fee from the buyer.
The option fee and rent premium are viewed differently by buyers and sellers. To the buyer, they're part of the equity in th
The option fee and rent premium are viewed differently by buyers and sellers. To the buyer, they're part of the equity in th
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
house they will soon own. Fully expecting to exercise the option, buyers pay a 2-5% option fee to control their new home with no bank qualifying. To sellers, however, these option payments are the best guaran
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
tee that their houses will sell; if they don't sell, the payments are retained as income.
Further, each party relies on a strong lease-purchase contract, not a three-in-one "contract" loosely thrown together
Further, each party relies on a strong lease-purchase contract, not a three-in-one "contract" loosely thrown together
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
nd dangerous to both parties.
Payne added, "Many buyers and sellers have ended up in court over a bad contract they attempted to throw together without a Realtor, a trained 'rent-to-own home specialist' or a
Payne added, "Many buyers and sellers have ended up in court over a bad contract they attempted to throw together without a Realtor, a trained 'rent-to-own home specialist' or a
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
eal estate attorney. Absolutely, buyers and sellers must use a solid Lease-Purchase contract protecting both parties and both parties should not even think twice about involving a real estate attorney."
It's
It's
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
not enough to have a strong contract protecting both parties.
"Proper screening of prospective tenant-buyers must occur in order to separate the renters from the homeowners-in-training. Once the tenant-buyer
"Proper screening of prospective tenant-buyers must occur in order to separate the renters from the homeowners-in-training. Once the tenant-buyer
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
hecks out, a seller must demand a sufficient non-refundable option fee to keep the tenant-buyer committed to the property," Payne added.
Each party further believes the other side will act honorably during th
Each party further believes the other side will act honorably during th
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
lease term. The seller will not attempt to take the property back to recapture lost appreciation.
The buyer agrees to make on-time monthly payments, maintain the property according to the contract and the ho
The buyer agrees to make on-time monthly payments, maintain the property according to the contract and the ho
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
meowner's association & improve the his/her credit (or other issues) to qualify for traditional financing.
Fundamentally, this is how a lease-to-own contract works. It's a simple but effective buying and sell
Fundamentally, this is how a lease-to-own contract works. It's a simple but effective buying and sell
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ng strategy.
"Yes, it's simple and effective, but as with any real estate transaction a successful transaction depends on the details," said Payne.
Success depends on the details.
For instance, SELLERS must
"Yes, it's simple and effective, but as with any real estate transaction a successful transaction depends on the details," said Payne.
Success depends on the details.
For instance, SELLERS must
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
1. Prevent an equitable interest claim filed against the seller?
2. Oversee their property during the lease term?
3. Know about a monthly rent credit?
4. Know what causes mortgage underwriters to disquali
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
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
fy a monthly rent credit?
5. Know how to determine the length of the lease term?
6. What is an "assignment" and how could an assignment hurt you?
On the flip side, BUYERS must:
1. Protect their interest in
5. Know how to determine the length of the lease term?
6. What is an "assignment" and how could an assignment hurt you?
On the flip side, BUYERS must:
1. Protect their interest in
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
the property against unscrupulous sellers who attempt to cancel the contract & take the property back.
2. Get contract language protecting against unforeseen setbacks.
3. Avoid unlicensed & untrained "rent-t
2. Get contract language protecting against unforeseen setbacks.
3. Avoid unlicensed & untrained "rent-t
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
-own home specialists" who have taken the latest "guru" weekend bootcamp and suddenly "specialize" in owner financing.
4. Protect their option payments with strong contract language.
5. Pay a real estate att
4. Protect their option payments with strong contract language.
5. Pay a real estate att
.
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
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
orney $200-$300 to confirm the proposed contract protects the buyers.
Big paydays lure many people, including scammers, to real estate. Some scammers dress nicely, drive expensive vehicles & sound as if they
Big paydays lure many people, including scammers, to real estate. Some scammers dress nicely, drive expensive vehicles & sound as if they
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ant to help you.
Sellers and buyers both can benefit from "owner financing" provided both parties have their interests reviewed and protected by attorneys & work with people who know Lease-Purchase Agreements
Sellers and buyers both can benefit from "owner financing" provided both parties have their interests reviewed and protected by attorneys & work with people who know Lease-Purchase Agreements
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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