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Top Articles - Do I Need an Estate Agent? - UK Landlords
There’s a phrase that is often used which goes ‘there is more than one way to skin a cat?’ Obviously this expression shouldn’t be taken too literally for fear of upsetting the UK’s 6 million cat owners. Not only that where would you start, the tail, the head, the stomach perhaps?
I don’t know whether yo
I don’t know whether yo
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
u have sold a property recently but it’s a very expensive business. I’m currently in the process of doing just that. At the very least you will have to pay a commission of 1% of the selling price, probably for most, this figure is going to be closer to 1.5%. Those people looking for a specialist high va
; 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
lue service could end up ‘forking out’ nearer 3%. The upshot of all this is its going to cost thousands.
Take for instance the average UK house price, which currently stands at just under ?200,000 (Land Registry figures). The sale of such a property paying say an average commission of 1.5% would set the
Take for instance the average UK house price, which currently stands at just under ?200,000 (Land Registry figures). The sale of such a property paying say an average commission of 1.5% would set the
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
seller back three grand. On top of this, VAT is payable at 17.5% taking the total to just over ?3500; not a ‘trifling’ sum by anybodies calculations.
The question is what do they actually do for all this money? Well for a start they prepare particulars which sets out the nice things about your property,
The question is what do they actually do for all this money? Well for a start they prepare particulars which sets out the nice things about your property,
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
they take a few photos and occasionally advertise your property in the ‘local rag’. They then conduct some viewings and act as the intermediary between you and the prospective purchaser. Once a sale is agreed they should chase them to make sure that the transaction goes through quickly and efficiently.
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
So how many of us still think this is worth over three and half grand- not many I suspect.
For years there has been very few alternatives to this time honoured arrangement. However, the advent of the Internet has changed all this. Ask any agent privately and they will admit that marketing is no longer a
For years there has been very few alternatives to this time honoured arrangement. However, the advent of the Internet has changed all this. Ask any agent privately and they will admit that marketing is no longer a
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
case of a carefully constructed phrase or an elaborate sales campaign. It’s all about the Internet.
The fact is research indicates that between 85-90% of us use the Internet to find properties that they are interested in. The result has been a ‘mushrooming’ of property marketing websites over the last
The fact is research indicates that between 85-90% of us use the Internet to find properties that they are interested in. The result has been a ‘mushrooming’ of property marketing websites over the last
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
ew years; at the last count they numbered around 130. These sites advertise your property for between ?20-200 and can potentially save you thousands in estate agency fees.
The drawback is that many have only a handful of properties and the truth is they are rarely accessed by the mainstream property buyi
The drawback is that many have only a handful of properties and the truth is they are rarely accessed by the mainstream property buyi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ng public. Therefore, any potential cost savings in using these sites has to be weighed carefully against the need to get the maximum ‘marketing bang’ for your money. Some of the bigger sites such as House Web, House Ladder, My Property for Sale will get you on to the larger property sales portals such
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
s Fish4 & Property Finder.
In reality though, the property sales market is dominated by one portal - Rightmove. It claims to account for 80% of page views in the property sales market. This site, which after all was originally owned by four estate agents doesn’t allow non estate agents to feature their pr
In reality though, the property sales market is dominated by one portal - Rightmove. It claims to account for 80% of page views in the property sales market. This site, which after all was originally owned by four estate agents doesn’t allow non estate agents to feature their pr
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
operties. This means that access is denied to the pure Internet marketing sites referred to earlier. The fact is that if you really want to give your property the maximum marketing exposure, it’s all about getting your property onto Rightmove.
Property Hawk has however found one site, which allows you t
Property Hawk has however found one site, which allows you t
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
o do just that without having to go through a traditional agent. The company called Housenetwork allows you for just under ?500 to be featured on all the major property portals, including Rightmove. The only drawback for the seller is that the two part fee structure involves the payment of an upfront an
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
non refundable ?199 (+ vat) marketing fee for preparing the property details. The company will then arrange viewings for you, although you will be responsible for carrying them out and negotiating on any price reductions, etc.
On completion you have to pay a commission of 0.25% capped at ?199 (+ vat), w
On completion you have to pay a commission of 0.25% capped at ?199 (+ vat), w
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
hich means that your total bill should never be more than ?500. They do also offer a ‘no fee no sale’ package with a 0.5% rate of commission. Both packages should be particularly attractive to landlords, who are frequently not under the same time pressure to sell and therefore can afford to wait for the
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
ight buyer to come along.
The other advantage is that because you conduct the viewings yourself, the property can remain let during the sales period. On agreeing a sale, the landlord just has to issue the appropriate section 21 notice and the 2 month period should roughly coincide with the standard sales
The other advantage is that because you conduct the viewings yourself, the property can remain let during the sales period. On agreeing a sale, the landlord just has to issue the appropriate section 21 notice and the 2 month period should roughly coincide with the standard sales
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
period of about 8 weeks. The drawback off course with all this is if the sale falls through. Then, you could be left with a property that is standing empty and you are not receiving rent for. This is a risk, but then to get rent for part of the sale period is better than none at all.
The ideal situati
The ideal situati
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
n off course would be to sell without having to remove your tenants at all. There is a site called Landlord Trader, which allows you to do just that. The site advertises itself as the ‘UK leading property exchange’ which is not surprising given that as far as I am aware, it’s the only one. It is specifi
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
cally aimed at investors, so having a tenant is an attraction as a posed to a problem. It’s possible to advertise your property for between ?30-50 with an additional ?200 payable on completion.
Finally, ever considered auctioning your property? Now you can also do this online all for under ?50. Have a
Finally, ever considered auctioning your property? Now you can also do this online all for under ?50. Have a
.
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
ook at auctionyourproperty.com to see how you can sell your property to the highest bidder. The only word of warning is that as the site is new, I don’t think there is a huge amount of ‘traffic’ at present.
In summary, it appears that just like cat skinning, there is more than one way to sell your prope
In summary, it appears that just like cat skinning, there is more than one way to sell your prope
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
rty. With all these choices, isn’t it time you thought seriously about a fresh approach? I’m certainly considering these alternatives when I look to dispose of several properties next year. Finally, if you are worried about Tibbles don’t; she is sleeping peacefully and still has a fine crop of ginger fur
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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