: Shore House title signed over 6 year ago to 3 siblings My mother has been paying the taxes and home owners policy for the last 6 years for our shore house. My sister and I have been paying the taxes and home owners insurance

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If you sold the house, you'd sell at current market value and split in 3 (assuming ownership is equally shared). That's how much you would pay normally for a fair buyout.

Consider the alternative, where you buy him out at the value 6 years ago, then you could immediately turn around and sell at market value and pocket the profits (assuming the price went up). That doesn't sound very fair does it?

There are a couple of factors that could affect the fair price in my view but you don't mention them so I assume they don't apply:

Did the house appreciate in value because of major renovations for which he didn't pitch in?

I assume you and the other sibling were using the house, and not making rental income from it?

He hasn't been paying taxes or insurance, but that seems fair since he wasn't using the house, I wouldn't factor that in.

(But really these other things should be settled individually, apart from the buyout.)

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Who pays the taxes and insurance is irrelevant. If your brother owns 1/3 of the house, and it's currently worth (say) 0,000, then you pay him 0,000. What the house was worth at any point in the past isn't relevant either (including if the house as gone down in value; if the house was worth 0,000 six years ago but is now only worth 0,000, his share is only worth ,000, not 0,000).

Also, your brother is just as responsible for taxes and insurance as you and your other sibling. It would be perfectly fair to deduct his unpaid share of the tax/insurance from the buyout amount. (Note, however, your brother does not have to accept a fair offer to buyout his share.)