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The Moneyologist: I want to buy my brothers out of our family home — but they want me to pay (future) sales fees

Dear Moneyologist,

I have two brothers and we inherited our family home about five years ago. We have kept this home as a rental property for the last five years, but now I want out. My brothers have offered to buy me out. The house appraised recently at $2 million, and I have asked my brothers for a one-third split of the appraised value.

My brothers contend that other fees should be deducted from this figure, such as the costs to sell and any other fees associated with a sale. They use the real estate commissions as an example. My stance is that no fees are being charged for this transaction, so I am due the one-third value of the appraisal.

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