If you’re a Marriott Vacation Club timeshare owner, you may be interested in learning about how to sell your timeshare. In this definitive guide, we will discuss the process of selling a Marriott Vacation Club timeshare and provide you with some tips on how to get started on the timeshare resale market. Selling your Marriott ownership can seem like a daunting task, but with the right resources and information, it can be done successfully. So if you’re wondering how to sell your Marriott timeshare, keep reading!
Determine Exactly What Marriott Vacation Club Timeshare You Own
One of the first steps in preparing to sell your Marriott timeshare is making sure that you have all the necessary information it would take to effectively sell your ownership. You can always contact Marriott directly if you are missing anything. This includes collecting some documents such as:
Your Original Deed
Original Purchase Agreement
Most Recent Maintenance Bill
Most Recent Tax Bill
- Deeded Names: The exact spelling of your deeded name, as well as if the property is co-owned, or possibly held within a trust
- Home Resort: The home resort you are deeded to, if selling a Marriott Legacy Week
- Week #: If you own a fixed week, the exact week number deeded to you
- Season: If you own a floating week, the season that is deeded to you
- Usage: If you have annual usage or if you have biennial usage (every-other-year-usage) whether its odd year or even year usage
- Maintenance: Your annual maintenance fees
- Use Year: Your Use Year (annual award month) for points
- Annual Points how many annual points (vacation currency) you own, if you’re selling Marriott points
Understand The Benefits That Transfer To Your Buyer On The Resale Market
There are three different categories that Marriott owners fall into when selling their vacation ownership:
Fixed Week / Floating Week
Destination Club Points
Week Converted To Destination Club Points
The difference in these categories becomes important when it comes to transferring on the resale market so make sure you know which one you’re able to market to prospective buyers!
Fixed / Floating Weeks
With fixed or floating week ownership, all the benefits will transfer to your new resale owner so this is an excellent point for sellers! This includes your deeded view, season, unit size, as well as your ability to exchange with Interval International. A lifetime of Marriott vacations awaits for your prospective buyer!
Destination Club (Points-Based System)
For owners who purchased their Destination Club points through Marriott directly (did not convert a week to points), all the benefits will transfer to the new owner on the secondary market.
Week Converted To Destination Points
For owners who have converted a week into Destination points, the ownership will revert back to the original week you were deeded to upon transferring the timeshare on the secondary market. This is extremely important to understand, as you will not be able to market your timeshare as a points-based Destinations Club membership.
How To Sell Marriott Timeshare: Know Your Options
When you’re ready to sell your timeshare, there are a few different options for how it can be done. You could attempt to sell the timeshare yourself, you could work with a Licensed Broker who has been licensed by the Real Estate Bureau in their state, or you can contact Marriot directly and see if they will place your timeshare resale in their resale program.
Selling Your Marriott Timeshare On Your Own
If you’d like to try to sell your Marriott yourself, you can look start by getting an idea of what the market is like on sites like eBay and Craigslist, but keep in mind you will need to do your research to ensure you are protected during the transaction.
Using A Timeshare Broker To Sell Your Marriott Timeshare
Many people use a Licensed Broker due to the up-to-date expertise a licensed agent will possess. Knowledge of the timeshare resale market landscape aids greatly in pricing your timeshare resale appropriately, negotiating offers, and performing the closing process. Just be sure to look for an accredited business that offers a free listing to sell timeshares, and charges no upfront fees. Just as with a traditional Real Estate agent, your agent should handle all aspects of the resale process on your behalf, and not be paid up front fees until your ownership has been sold.
In addition to offering a wealth of information, modern Timeshare Brokers are leveraging the incredible power of digital marketing, search engine optimization, and cost per click ads to sell your Marriott ownership. Why not take advantage of their marketing dollars, when it means zero risk to you?!
Selling Your Timeshare Back To Marriott
You do also have the option of contacting Marriott to try selling with their internal resale program. It’s important to note, Marriott is motivated to sell their brand new ownerships first, as they are selling their own product first and foremost. Also, they charge upwards of a 40 percent commission if a sale goes through, which could be thousands of dollars above normal commissions on the resale market for large sales.
Using Timeshare Exit Companies
A quick word on using timeshare exit companies or exit solutions. These companies will generally charge you to transfer fees, as well as an upfront fee in order to get you out of your timeshare. Marriott timeshare resales are almost never a good option for this method, as they carry a respectable value on the resale market, and can be successfully sold to many potential buyers. Not to mention the timeshare exit industry is rampant with scams, be careful!
Determine The Value Of Marriott Timeshare Resales
The value of Marriott timeshares can vary greatly from the price many owners originally paid. You can check your timeshare’s value by looking at asking prices for similar weeks at the same resort online, but keep in mind, you will be seeing the asking price other owners have posted. This is not exactly the same as the exact amount the ownership was sold for.
Determining the fair market value of weeks-based Marriott timeshare resales will depend on the following factors:
- Size of unit
- Deeded view
- Home resort location
- Deeded season
- Annual vs Biennial (odd or even year usage)
Determining the fair market value of points-based Marriott timeshare resales will depend on the following factors:
- Annual allotment of vacation club points (how many points you get each year)
- Number of banked or borrowed MVC points
- Use Year
If this is your first experience with the resale timeshare industry, it would be highly beneficial to contact a Licensed broker who can help you understand what timeshares like yours are selling for currently. Many reputable brokers offer free consultations with no obligation to list with them, and can save you hours of research.
Listing Your Marriott Timeshare For Sale
Listing Marriott Vacation Club resales is a straight-forward process. You can fill out the form on our site to get a free timeshare market analysis and free listing. Once you fill out the form, you will be assigned an agent that can walk you through the process of selling your Marriott Vacation Club ownership.
Reviewing & Understanding Offers For Your Property
Now this is the exciting part! Once you’ve started to receive offers on your property, you will need to determine the following pieces of information prior to accepting any offer to know the full scope of the agreement:
- Offered price
- Amount of any seller-paid closing costs
- Commission costs
- Projected closing date
- Name of 3rd party closing company
- Broker’s opinion if offered price will pass Right of First Refusal
Marriott’s Right of First Refusal
Right of First Refusal (ROFR) is a contractual clause that is built-in to most Marriott ownerships which states that Marriott may have the option to purchase a property back from their timeshare owners, before allowing the owner the ability to sell to a third party on the resale market.
We wrote a very in-depth article on Marriott’s ROFR process. If you’d like to know all the details, as well as which resorts are exempt, you can read our article here: Marriott Right Of First Refusal: Resale Buyers & Sellers.
Transfer Your Title & Collecting Your Proceeds
Whether you are listing a legacy week or Destination points, both are a vacation ownership that is legally treated as a real estate transaction. It is common to expect closing costs that will pay for a third-party closing company who will work with the developer to transfer the deed or your Marriott timeshare.
Closing costs can vary by the escrow and title services being offered, what title or liability coverage is offered and simply by your state and the price of the timeshare that is sold. It is best to ask your agent at the time of reviewing offers to point out exact closing costs that are written into the purchase agreement.
Your closing company will be in charge of holding the proceeds of your sale in an escrow account to protect you and your potential buyer’s interests throughout the transaction. Once your Marriott timeshare has successfully transferred, the closing company will send the proceeds of the sale to you, usually paid by check.
Contact Us For More Information
As always, seeking more information for such a large transaction is a wise choice. Fill out the form on our Contact Us page if you have general questions, or visit our listing agreement page and fill out the form there to get started right away.
Frequently Asked Questions About Selling Your Marriott Timeshare
Can I Sell My Marriott Timeshare?
Yes, you definitely can sell your Marriott timeshare! Don’t waste time with timeshare exit companies that want you to pay them to give it away!
Do Marriott Timeshares Have Resale Value?
Yes, your Marriott timeshare has maintained its value better than many other timeshare developers due to Marriott enforcing right of first refusal on many resale contracts. If you purchased your timeshare at a presentation, you won’t recoup what you originally paid, but many other developer’s timeshare owners are forced to give away their timeshares.
What Is The Value Of A Marriott Timeshare?
Timeshare resale values are determined by many factors such as the details of your specific timeshare, the number of potential buyers on the market at that time, the current ROFR price at which Marriott will buy the timeshare out from under your buyer. It’s best to contact a licensed professional who can walk you through the steps of assessing the value of your Marriott Vacation Club week or points.
How Do I Sell My Marriott Timeshare / Marriott Points?
You can try to list timeshares yourself, list with a broker, or possibly sell it back to Marriott directly. We always advise those looking to sell timeshare to give us a call, we offer a free consultation with no obligation to list or sell, and can at least point you in the right direction, even if you wish to sell on your own.
Can I Sell My Timeshare Myself?
Yes, you can choose to market your timeshare on your own. You will need to determine a good asking price, learn what timeshares like yours are selling for, and find a trusted platform to list with. Keep in mind, if you’d like to get a free listing with a Licensed Real Estate Broker, you can continue to market your ownership on your own, as you won’t pay any commission until you’ve accepted an offer from your broker. Also, brokers will offer a privacy guarantee to ensure your personal details are not shared on the internet.
Can I Sell My Timeshare Back To Marriott?
Marriott does offer a resale program for their timeshares, but charge upwards of 40% commission if it’s sold through them, which is quite high in comparison to other brokers. Not all listings are accepted, and many that are eligible are placed on a waiting list.
