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Selling - no longer a TS

N

natemethusiak

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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

Bill4728

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natemethusiak said:
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!
Click to expand...

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

bizaro86

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natemethusiak said:
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!
Click to expand...

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.
 
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