Advantage to selling coop apartment to someone already in building

If you are selling inside your bldg. why pay a broker 5 or 6%?

My understanding is that in most buildings once you've gone through the board, you don't have to re-apply to buy another apartment within the same building (although I suppose they'd want a peek at the prospective buyers' current financials if he/she were going from a studio to the three bedroom penthouse). Also, an outside offer would not necessarily bring in a higher price. If the building allows apartment combinations, your next door (or upstairs/downstairs) neighbor might value your apartment a lot more than someone coming off the street. Ya never know.

Some coops charge a "flip tax" to the buyer or buyer's premium. This is usually waived if the buyer is already an owner in the building.

Advantages or not, the more buyers who know about your apartment, the better for you.

If it were my broker I would lean on that person to start marketing it properly, and now.

And as soon as that contract expires I would find myself another broker.