Are you a member of Marriott Vacation Club and thinking of getting out of it? Well, you are not alone.
Many people join vacation clubs with excitement but later regret their decision due to various reasons such as financial constraints or inability to utilize the membership. In this article, we will discuss whether it is possible to get out of Marriott Vacation Club and what options you have.
Understanding Marriott Vacation Club Membership
Marriott Vacation Club is a popular vacation ownership program that allows members to purchase points and use them to book vacations at various Marriott resorts worldwide. Members can also exchange their points for travel packages, cruise vacations, or other travel-related experiences.
Can You Get Out of Marriott Vacation Club?
The answer is yes, you can get out of Marriott Vacation Club membership. However, the process and options available may vary depending on your membership type and the terms and conditions outlined in your contract.
Options for Getting Out of Marriott Vacation Club
1. Resell your ownership: One option for getting out of Marriott Vacation Club is to resell your ownership.
You can sell your membership directly to another person or through a resale company. However, keep in mind that reselling may not be easy as the demand for timeshare properties has decreased significantly in recent years.
2. Surrender your ownership: Another option is to surrender your ownership back to Marriott Vacation Club. This is called deeding back your timeshare or giving up your interest in the property.
3. Rent out your ownership: If you are unable to sell or surrender your ownership, consider renting it out instead. You can list your property on vacation rental websites like Airbnb or VRBO.
Things to Consider Before Getting Out of Marriott Vacation Club
Before making any decision regarding getting out of Marriott Vacation Club, consider the following:
– Review your contract thoroughly and understand the terms and conditions regarding getting out of the membership. – Keep in mind that there may be fees associated with getting out of the membership, such as transfer fees or deeding back fees.
– Consider the financial implications of getting out of the membership, such as loss of investment and impact on credit score. – If you are considering reselling your ownership, research reputable resale companies and agents to avoid scams.
Conclusion
Getting out of Marriott Vacation Club can be a complicated process. However, with careful consideration and proper research, you can find a solution that works best for you. Whether it’s reselling your ownership, surrendering it back to Marriott Vacation Club, or renting it out, make sure to understand the terms and conditions outlined in your contract and seek professional advice if necessary.