A Marriott timeshare provides the flexibility and high-end vacation opportunities, but there may be a time that no longer fits your lifestyle or financial situation. Selling a Marriott timeshare can feel like you are wading through uncharted waters; maybe your kids have moved on and there is less need for such accommodation or those increases in the yearly maintenance fees just make ownership of your timeshare at Marriott a luxury — perhaps an unnecessary one.
A timeshare is NOT “a home away from home.” When it comes to selling a timeshare, the process could not be anymore different than when selling regular real estate. After all, the market is flooded and time-shares are not an appreciating asset. Even the most luxurious timeshares likely won’t resale for more than what you originally paid, with many owners looking at a financial hit in order to sell. This realisation is important to temper expectations and better plan your sales approach.
Key Factors Influencing the Resale Market:
Despite these challenges, there are legitimate ways to sell your Marriott timeshare, especially with proper planning and realistic pricing.
1. Assess Your Ownership Details
Before listing your timeshare for sale, gather important information about your ownership, such as:
2. Research the Resale Market
Spend time researching the current resale market for Marriott timeshares. Check sites like RedWeek, eBay, and other resale platforms to see what similar timeshares are selling for. This will give you a realistic idea of what you can expect to make from your sale.
3. Set the Right Price
Price your timeshare competitively to attract buyers. If you’re in a hurry to sell, you may need to set a lower price to stand out in a crowded market. Take into account that many buyers are looking for bargains and will likely negotiate, so factor this into your pricing strategy.
4. List Your Timeshare for Sale
There are several platforms available for listing timeshares, including:
5. Market Your Timeshare
Consider reaching out to friends, family, and colleagues who may be interested in purchasing your timeshare. You can also promote your listing on social media or timeshare-specific groups to expand your reach.
6. Negotiate with Buyers
When you receive offers, be prepared to negotiate. Buyers may ask for a lower price or additional perks, such as covering the next year’s maintenance fees. Be flexible but ensure that the sale still meets your financial needs.
7. Complete the Sale with a Licensed Closing Company
To ensure a smooth transaction, work with a licensed timeshare closing company. These companies handle the transfer of ownership, escrow services, and legal documentation to ensure the sale is legitimate and finalised properly.
Of all the difficulties of selling a Marriott timeshare time share prices are among the worst. Like was stated before, timeshares depreciate in value so you will need to set a price that has the lowest possible barrier.
Things to Keep in Mind When Pricing:
Choosing the right platform to list your Marriott timeshare is essential. Below are some of the best options:
Working with HowToCancelMyTimeshare can also streamline the process, as we can assist with finding the right buyer and listing on the best platforms.
Using a timeshare resale company can simplify the sales process but comes with both advantages and disadvantages:
| Pros: | Cons: |
|---|---|
| Expertise: A reputable resale company can handle the paperwork, marketing, and legal aspects of the sale, reducing stress for the owner. | Fees: Resale companies charge commissions and fees, which can reduce your profit. |
| Time-Saving: A resale company can expedite the process, especially if you’re unfamiliar with how timeshare sales work. | Scams: Unfortunately, some companies are not legitimate and may charge upfront fees without delivering results. |
At HowToCancelMyTimeshare, we pride ourselves on being a trustworthy option to help you navigate the timeshare exit process without falling victim to scams.
As with any resale industry, there are also plenty of scams to be aware of in the timeshare sale market. These are some warning signs to look out for :
Selling your timeshare could take months for the process to be completed, so stay patient. First, the rough timeline for what you might expect:
Renting your timeshare is a temporary fix if selling it is not an option. This will help you to avoid the maintenance costs yet preserving your ownership. A lot of owners rent their timeshares out on websites including RedWeek or even Airbnb.
Benefits of Renting:
Frequently Asked Questions
No, Marriott does not have a formal buyback program for timeshares. You will need to sell your timeshare on the resale market or work with an exit company.
The selling process can take several months, depending on the market demand, price, and how well your timeshare is marketed.
Expect to pay a commission to the resale company, which can range from 10-30%
Yes, you can rent out your Marriott timeshare while it is listed for sale. This can be a smart strategy to cover maintenance fees or generate income during the selling process. However, be sure to communicate with potential buyers about any existing rental agreements or bookings to avoid confusion during negotiations.
There is no penalty for selling your Marriott timeshare, but you should be aware of any transfer fees or closing costs associated with the sale. These fees will typically be handled by a licensed timeshare closing company, and they can vary depending on the complexity of the transaction. Make sure to factor these costs into your overall pricing strategy when selling.