Marriott is a well-known brand in the hospitality industry, offering luxurious accommodation options for travelers worldwide. However, Marriott is also one of the largest timeshare companies in existence, with timeshare properties in Arizona, California, Colorado, Florida, Hawaii, and more. If you are a Marriott timeshare owner who wants to get rid of your timeshare, you may be wondering what options are available to you. In this article, we will explore how to get rid of Marriott timeshare or Vacation Club.
Selling Marriott Timeshare
One of the first options many timeshare owners consider when trying to cancel Marriott timeshare is selling their timeshare on the resale market. Unlike other timeshare resort developers, Marriott offers its own internal timeshare resale marketplace for its owners. Marriott timeshare owners can advertise their timeshare for sale on Marriott’s website and may be able to find a buyer.
However, it is essential to understand that timeshares do not increase in value after purchase, and they typically depreciate by 50% or more. This means that selling your timeshare may not be the best option, and you may not be able to recoup your investment.
If you cannot sell your Marriott timeshare through Marriott’s own resale program, you may consider listing it on sites like eBay and Craigslist. Unfortunately, these platforms often have hundreds of timeshares for sale for as little as $1, with no buyers. Therefore, selling your Marriott timeshare on these platforms may not be the best option.
Using Marriott’s Deed Back Program
Marriott offers a deed back program, which allows them to take your timeshare back from you. Working with Marriott directly is the best option if you want to cancel Marriott timeshare. However, Marriott may not be interested in taking your timeshare back, especially if you still owe a mortgage on the timeshare.
Using a Timeshare Exit Company
Timeshare exit companies are companies that assist timeshare owners with timeshare cancellations when their resorts won’t help them. These companies typically work with lawyers to cancel the timeshare. If you choose to work with a timeshare exit company, we recommend choosing one that offers an escrow payment option for extra peace of mind.
When you pay with escrow, the timeshare exit company does not get paid in full until after the timeshare is canceled. This gives the timeshare exit company an incentive to complete the cancellation of your timeshare.
Things to Look for in a Timeshare Exit Company
When choosing a timeshare exit company, there are a few things to look out for to ensure that you are working with a reputable company. Firstly, check the company’s Better Business Bureau (BBB) rating. If the company does not have an A+ rating with the BBB, do not work with them. There are many timeshare exit companies with an A+ rating that provide this service.
Secondly, check the company’s years in business. Many fly-by-night companies exist in the timeshare exit industry, and companies that have been open for less than one year may be a scam. If a timeshare exit company has been in business for several years, it is less likely to be a scam.
Thirdly, look for video testimonials from the company’s customers. Video testimonials are harder to fake and are more likely to be true than a written testimonial. Therefore, a timeshare exit company that has video testimonials from its customers is more trustworthy than one that only has written testimonials.
If you’re a Marriott timeshare owner who is looking to get rid of your timeshare, there are several options available to you. You can try to sell your timeshare on the resale market, use Marriott’s Deed Back program, or work with a timeshare exit company.
While each of these options has its own advantages and disadvantages, working with a reputable timeshare exit company is often the best choice for many owners. By doing your research and choosing a company with an escrow payment option and a track record of success, you can ensure that you’ll be able to cancel your timeshare contract and move on with your life.