• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Selling - no longer a TS

natemethusiak

newbie
Joined
Feb 14, 2012
Messages
1
Reaction score
0
Location
Indiana
I'm wondering if anyone knows if I should try and sell my property, which was previously a timeshare. Are there legal ramifications? Could I 'buy out' the people who have access to my home. The reason I am asking is that I have several La Quinta properties which are now going back up in value, according to recent real estate reports in my area. Thanks!
 

Bill4728

Moderator
Joined
Jun 6, 2005
Messages
11,052
Reaction score
615
Location
Lake Tapps, WA
I'm wondering if anyone knows if I should try and sell my property, which was previously a timeshare. Are there legal ramifications? Could I 'buy out' the people who have access to my home. The reason I am asking is that I have several La Quinta properties which are now going back up in value, according to recent real estate reports in my area. Thanks!

You'll have to tell us a lot more info before we can give you any advice.

What do you mean "my property, which was previously a timeshare" How is it that the property isn't still a TS?
 

bizaro86

TUG Review Crew: Veteran
TUG Member
Joined
Mar 5, 2008
Messages
3,761
Reaction score
2,607
Location
Calgary, AB, Canada
I'm wondering if anyone knows if I should try and sell my property, which was previously a timeshare. Are there legal ramifications? Could I 'buy out' the people who have access to my home. The reason I am asking is that I have several La Quinta properties which are now going back up in value, according to recent real estate reports in my area. Thanks!

I think you'll find you can only sell whatever you own. If you own a quartershare of a house, that's what you can sell. If you own 23 timeshare weeks in the same place, that's what you can sell, etc. If you did buy all of the interests in a unit, you might be able to consolidate them into one whole ownership, but I wouldn't count on that as I believe many/most deeds prohibit that.

For any real advice you would need to provide more information about what/where you own.
 
Top