Are you a timeshare owner looking to get rid of your Marriott Vacation Club membership? You may be wondering if Marriott Vacation Club has a buy back program. In this article, we’ll explore the answer to that question and provide you with some alternative options.
What is a Buy Back Program?
Before we dive into Marriott Vacation Club’s policies, let’s define what a buy back program is. A buy back program is when a timeshare company offers to buy back their owners’ timeshare memberships or points. This can be an attractive option for owners who no longer want or need their membership and want to recoup some of their investment.
Marriott Vacation Club’s Resale Policy
Unfortunately, Marriott Vacation Club does not have an official buy back program for their timeshare owners. However, they do have a resale policy that allows owners to sell their memberships on the resale market. This can be done independently or through a licensed resale broker.
Reselling Your Marriott Vacation Club Membership
If you’re interested in reselling your Marriott Vacation Club membership, there are some important things to consider. First, it’s important to know that the resale market for timeshares can be unpredictable and it may take some time to find a buyer.
Additionally, it’s important to understand that the resale value of your membership may be significantly lower than what you paid for it originally. This is because timeshares often depreciate in value over time and there are many other factors that affect resale value such as location, seasonality, and demand.
If you decide to sell your membership independently without the help of a licensed broker, there are numerous websites where you can list your membership for sale such as eBay or Craigslist.
Alternatively, if you choose to work with a licensed broker, they will typically handle all aspects of the sale including marketing your membership and handling the paperwork. Keep in mind that brokers typically charge a commission fee which can range from 10-30% of the sale price.
Other Options for Marriott Vacation Club Owners
If you’re looking to get out of your Marriott Vacation Club membership altogether, there are some alternative options to consider. One option is to gift or donate your membership to a family member or charity organization.
Another option is to look into timeshare exit companies that specialize in helping owners get out of their memberships. These companies typically charge a fee for their services but can provide assistance with legally transferring ownership and negotiating with the timeshare company.
Conclusion
In summary, Marriott Vacation Club does not have a buy back program for their timeshare owners. However, they do have a resale policy that allows owners to sell their memberships on the resale market independently or through a licensed broker. If you’re looking to get out of your Marriott Vacation Club membership altogether, there are alternative options such as gifting or donating your membership or working with a timeshare exit company.