Yes. If your building charges a 2-3% flip tax on the sale price, that cost comes directly from your proceeds and must be factored into your net proceeds calculation before setting your minimum acceptable price. It also affects buyer perception - buildings with high flip taxes signal frequent turnover costs that sophisticated buyers price into their offers. Disclose the flip tax rate early to avoid late-stage surprises.
From the seller playbook: Co-op vs. Condo Strategic Differences
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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