Marriott Vacation Club has a wealth of benefits for owners and frequent travelers. While the timeshare industry continues to grow, and owners are as happy as ever, sometimes it's just not realistic to hold onto your ownership anymore. With all of the different options including exit, cancellation and resale, it can be confusing to know where to turn when you want to sell your Marriott timeshare.
About Marriott Vacation Club
Stemming from one of the largest hospitality brands in the world, Marriott Vacation Club is Marriott International's timeshare club. It allows owners to get the most out of their vacations with a points-based system and thousands of travel opportunities worldwide.
When you become a Marriott Vacation Club owner, you are buying a deeded real estate interest to pass on for generations. With this ownership, you are also given an annual allotment of points that replenish every year.
As an MVC owner, you can convert your Vacation Club Points for Marriott Bonvoy Points to take advantage of even more travel experiences. There are different levels of Marriott Bonvoy, with Longer Stays, Select, Premium and Luxury. The Ritz-Carlton, St. Regis, Westin or even Sheraton are all in your hands.
Marriott Vacation Club Destinations Exchange
Before you decide to sell your Marriott Vacation Club timeshare, have you considered all of the vacation opportunities you can achieve? Owners can exchange their vacations for a world of experiences. Use your Vacation Club Points within Marriott's portfolio of brands and cruises, or deposit them using Interval International, Marriott's affiliated vacation exchange platform.
Marriott Vacation Club Resales
There are several ways you can approach selling Marriott timeshares on the resale market. The first thing you should do is to contact Marriott for guidance so you don't run into any pitfalls. They may even have direct options to help you.
Some timeshare resale companies may even have the option of renting out your Marriott Vacation Club points. If you're behind on your maintenance fees or just aren't ready to sell your ownership yet, this is a viable option.
If you'd like to skip the middle man, try offering your points to family members or friends to use. They can get a great deal on their vacation and you can also feel better knowing your ownership went to good use.
How to Sell Marriott Points
When you're ready, make sure you do proper research to sell Marriott points. As we mentioned before, you should always contact Marriott first because they will have your best interests in mind.
Using a Licensed Real Estate Agent
After contacting Marriott, you may opt to sell your Marriott timeshare points with a licensed real estate agent. Keep in mind, most traditional real estate agents that sell houses will refer you to a specialized service (like Fidelity Real Estate!)
Selling Marriott timeshares can be complicated, and the timeshare resale industry is especially tough to navigate. Luckily, our licensed real estate agents at Fidelity Real Estate (Fidelity Resales) are experts, with special knowledge and industry relationships.
Before you accept the services of any third-party resource, ask yourself the following questions:
- Is the timeshare reseller a member of the American Resort Development Association (ARDA)?
- Are they recommended by other Marriott Vacation Club owners?
- Do they have an A+ Rating with the Better Business Bureau?
- Can you find traceable, legitimate reviews from other timeshare owners online?
When you list your Marriott timeshare for sale with us, we work hard to actively reach the right buyers. All you have to do is wait for the offers to roll in. If you want to get more eyes on your timeshare sooner, however, you can share your timeshare listing on social media or any other means you prefer.
Getting an Offer on Your Marriott Timeshare For Sale
You may feel a deep sigh of relief coming on when you get an offer on your Marriott timeshare for sale. Your Fidelity Resales agent will contact you to go over the details and facilitate the negotiations. There are a few negotiating points that are common with buyers, so keep that in mind. You have all the negotiating power and it's ultimately up to you whether to accept an offer or decline.
After negotiations, your licensed timeshare real estate agent will write the contracts for you and the buyer to sign. This can be done electronically via DocuSign, making it simple for out-of-state parties to move along the closing process quickly. Finally, all of the signed documents are sent to Marriott Vacation Club to go through the Right of First Refusal (ROFR).
What is the Right of First Refusal?
The Right of First Refusal (ROFR) is written in every timeshare contract and gives the developer the right to review the sale. Should Marriott choose, they can exercise the ROFR and step in as the buyer. This means that they accept all of the terms already negotiated and will instead buy your timeshare back for themselves.
If they waive the ROFR, this means that Marriott is allowing the sale to continue between the original parties. The sale cannot continue until the ROFR is complete.
Title Transfer and Disbursing Funds
The last stage to sell your Marriott timeshare comes after the Right of First Refusal. The title company can then transfer ownership, collect and disburse funds, and relieve you of your ownership.
Don't forget that you must continue paying your timeshare maintenance fees until you receive an official notification from Marriott that your ownership is transferred out of your name. If you fall behind on your fees, it could disrupt the sale process.
Contact Fidelity Resales to Sell Marriott Timeshare
If you're considering selling your Marriott timeshare, contact our experts at 407-465-5188 to receive a free consultation. Questions? Leave a comment below!