Are you considering selling your Marriott Vacation Club Membership? Many owners wonder if it’s possible to sell their timeshare, and if so, what the process entails. In this article, we’ll explore the ins and outs of selling your Marriott Vacation Club Membership.
Understanding Marriott Vacation Club Memberships
Marriott Vacation Club Memberships are a type of timeshare ownership that allow you to use a specific property or group of properties for a certain amount of time each year. Depending on the level of ownership you have, you may have access to different benefits and perks.
Can You Sell Your Marriott Vacation Club Membership?
Yes, it is possible to sell your Marriott Vacation Club Membership. However, there are certain restrictions and guidelines that must be followed.
Firstly, you must ensure that your membership is in good standing with all maintenance fees paid up to date. If there is an outstanding balance on your account, it may hinder the sales process or even prevent you from selling altogether.
Additionally, Marriott has a right of first refusal policy which means they have the option to buy back your membership before you can sell it on the open market. This policy is in place to protect the integrity of their resorts and ensure that they maintain control over who owns their properties.
If Marriott chooses not to exercise their right of first refusal, then you can proceed with selling your membership through a licensed timeshare resale broker or on a reputable online marketplace such as eBay or Craigslist.
What Factors Impact The Resale Value Of Your Membership?
Several factors can impact the resale value of your Marriott Vacation Club Membership. These include:
- The level of ownership
- The property location
- The time of year that you own
- The size and type of unit
- The desirability of the resort
If you own a higher level of ownership, such as a Marriott Vacation Club Destinations ownership, your resale value may be higher than someone who owns a lower level of ownership. Additionally, owning a property in a popular location or during peak season may increase the resale value.
What Are The Costs Involved In Selling Your Membership?
When selling your Marriott Vacation Club Membership, there are several costs to consider. These include:
- Commission fees charged by the resale broker or online marketplace
- Advertising fees if listing on an online marketplace
- Transfer fees charged by Marriott
- Legal fees if using an attorney for the sale
It’s important to factor in these costs when determining your asking price for your membership.
The Bottom Line
Selling your Marriott Vacation Club Membership can be a complicated process, but with the right information and guidance, it can be done successfully. Remember to keep your membership in good standing and consider all factors when determining your asking price. With patience and persistence, you can find a buyer who is eager to take over your ownership and start creating their own vacation memories.