Family Matters.
When It Really Matters.

2 reasons divorced parents may keep owning a home together

On Behalf of | Jun 19, 2024 | Divorce

Many couples sell their home during a divorce. Often, it’s just part of the property division. They both own the house and they need to divide their assets, so they sell the house and split up the money that they make. 

But there are other situations in which couples will actually continue owning the home together after the divorce. This is technically possible, and it is certainly legal, although it is rather uncommon. Why would some couples make this decision? Below are two potential reasons.

1. Birdnesting 

First off, some couples are using a child custody solution known as birdnesting. This allows the parents to move in and out of the same home, and the children live in that home all of the time. This can be easier for children who don’t want to move out of the home they’ve always known, and it provides them with more stability. It is an expensive option, as the parents also need to have places to live when they don’t have custody, but it is possible for those with the means to manage it.

2. Playing the market 

Another reason is just that the couple is paying attention to the real estate market. For instance, maybe they believe that the value of their home is going to go up significantly in the next 12 months. They’re getting divorced now, but they may keep the home until the optimal time to sell, maximizing their profits.

If you’re going through a divorce, deciding what to do with major assets like the family home is a big part of the process. Take the time to carefully consider all of the legal options you have.