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What is a fair buyout for a table my roommate and I bought together?

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"I paid $200, so you can pay me $200 and keep it," my roommate said, tapping the dining table.

We bought it for $400 two years ago and split the cost equally. She's moving out; I'm staying and would like to keep it. An offer from a local second-hand dealer would give us $180 for the whole table if we sold it now. Neither of us has accepted that offer.

I suggested paying her $90, half of the available sale price. She pointed out that she'd then need to put another $110 towards a replacement as expensive as her original share. I pointed out that paying her $200 would leave me having spent the full original $400 on a table we've both already used for two years.

We're trying to reach an agreement, not arguing about a legal entitlement. Would you use the current sale offer, negotiate something between $90 and $200, or sell it and split the money so neither person sets a private price? Keeping the table would be convenient, but I don't want that convenience to become a number we both resent.

Discussion

3 community replies

The dealer's $180 offer gives you a real alternative: $90 each and no table. Keeping it avoids arranging a sale and buying another one, which may be worth something to you. That is a reason to negotiate, rather than proof that either $90 or $200 is automatically fair.

Her replacement cost explains why $90 feels disappointing, but it doesn't measure this table's present value. Your original contribution explains your own reaction without settling the buyout either. You are using different reference points, so name them before repeating the same two numbers.

Check whether the dealer's quote involves collection charges or any conditions before calling $90 the amount each person would receive. Those details could matter to the comparison. You don't need a professional valuation; you need to know what this available alternative actually delivers.

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