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Top Articles - Why Are There Cheap Houses
There are many reasons why there are cheap houses for sale. Knowing what these reasons are, and what they mean, can help you save thousands buying your next home. Here are six common reasons th
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
at a house will be selling for less than others.
1. The home needs work.
What does this mean to you? It may mean you need to pass on by, if you don't want to deal with getting it fixed. On th
1. The home needs work.
What does this mean to you? It may mean you need to pass on by, if you don't want to deal with getting it fixed. On 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
Examples of combination products may in
other hand, these houses are often a way to build equity fast. They scare away most buyers, so there is less competition and often a real opportunity for a low price.
Be aware, however, that
Be aware, however, that
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
a seller may think that if it needs a $10,000 in repairs it is worth just that much less than others. Don't buy it! Dealing with a fixer upper for nothing is no deal. If it needs $10,000 in rep
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
irs, it had better be worth $20,000 more when you are done.
2. The neighborhood is questionable.
Cheap houses in bad neighborhoods are common. Are they a good buy? Not if the neighborhood is
2. The neighborhood is questionable.
Cheap houses in bad neighborhoods are common. Are they a good buy? Not if the neighborhood is
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
till declining. That could be the worst investment in town. I caught a story in a real estate forum recently, from an investor who had to sell his Detroit rental house for a loss after twenty y
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
ears of owning it (who says real estate always goes up in value).
However, if there are clear signs that the neighbor hood is improving, a cheap house there could be a great investment. By the
However, if there are clear signs that the neighbor hood is improving, a cheap house there could be a great investment. By the
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
time the improvement is noticeable, things are usually happening fast. You might see a huge jump in the home's value in a few short years.
3. The seller needs to sell fast.
We all have our de
3. The seller needs to sell fast.
We all have our de
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
dlines. If you learn that the seller needs to move soon, or has to sell quickly for any other reasons, make a low offer. Don't ever assume you are taking advantage of someone in this situation.
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
You might not buy the home otherwise, and the seller can always say no. It may be well worth it to him to sell for a few thousand less to get it sold now. Let him decide.
4. There are hidden
4. There are hidden
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
roblems.
If you see a cheap house, and can't find any other reasons why the price is low, there may be hidden problems. This is especially true if the seller is an investor, or seems knowledge
If you see a cheap house, and can't find any other reasons why the price is low, there may be hidden problems. This is especially true if the seller is an investor, or seems knowledge
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
ble about real estate. There could be foundation cracks hidden behind paneled walls, or a highway coming through the front yard in a year.
Identify the problems and, if they can be resolved, e
Identify the problems and, if they can be resolved, e
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
stimate the cost to see if the house is still a good deal. Keep in mind though, that if the seller was hiding anything important, there may be more surprises. Have inspection contingencies in t
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
e offer if you buy these types of homes, and get those inspections done.
5. The house is unique.
I used to live near a house that was shaped like a flying saucer. Some houses are up insanely
5. The house is unique.
I used to live near a house that was shaped like a flying saucer. Some houses are up insanely
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
teep driveways. Others are built halfway underground. If the unique features are in demand, these homes can sell for a premium. If they aren't they become cheap houses.
A house that is unique
A house that is unique
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
in ways that the general public doesn't value will be hard to sell, so it may not be a good investment. On the other hand, what if it fits your needs and you will be living there for a long tim
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
? Suppose you pay $300 less per month to buy a "unique" home, and you live there for fifteen years. You'll spend $54,000 less on payments. That might be sufficient compensation for a difficult
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ale, right?
6. The price is just set too low.
Would you like to find a seller who just doesn't know that his house is worth $220,000, and has priced it at $180,000? It is rare, but it happens
6. The price is just set too low.
Would you like to find a seller who just doesn't know that his house is worth $220,000, and has priced it at $180,000? It is rare, but it happens
.
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
. Actually that may be too much to hope for without feeling guilty, but you certainly don't have an obligation to educate a seller or pay more than the asking price. He may actually have reason
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
you don't know for pricing it that way (a wish to be generous or a need for a quick sale?).
Bottom line? If cheap houses are good houses, don't worry about the reasons too much - just buy one
Bottom line? If cheap houses are good houses, don't worry about the reasons too much - just buy one
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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