Marriott is one of largest timeshare companies in existence. It has timeshare properties in Arizona, California, Colorado, Florida, Hawaii and more. If you purchased a Marriott timeshare that you no longer want, you may be wondering how to get rid of Marriott timeshare or Vacation Club.
Selling Marriott Timeshare
Many owners looking to cancel Marriott timeshare first try to sell their timeshare on the resale market. Marriott is different from other timeshare resort developers in that it offers its own internal timeshare resale marketplace for its owners. Marriott timeshare owners can advertise their timeshare for sale on Marriott’s website and they may be able to find a buyer.
When owners are unable to sell Marriott timeshare through Marriott’s own resale program, they may look to sites like eBay and Craigslist to sell the timeshare. This can lead to disappointment because often times there are hundreds of timeshare for sale on these platforms for as little as $1 with no one buying them.
Unlike traditional real estate, timeshare does not increase in value after purchase. In fact, it typically depreciates in value by 50% or more. This is why many owners choose to simply give the timeshare back to Marriott or use the services of a timeshare exit company.
Marriott offers a deed back program where they will take your timeshare back from you. Working with Marriott directly is always your best option if you’re looking to cancel Marriott timeshare. If, for some reason, Marriott is not interested in taking your timeshare back, you may need to employ the services of a timeshare exit company. Sometimes resort developers will not take your timeshare back if you still owe a mortgage on the timeshare.
Using a Timeshare Exit Company
Timeshare exit companies exist to assist timeshare owners with a timeshare cancellation 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 piece of mind.
When you pay with escrow, the timeshare exit company does not get paid in full until after the timeshare is cancelled. This gives the timeshare exit company an incentive to complete the cancellation of your timeshare. Learn more about escrow and why it’s important here.
Some other things you may want to look out for when choosing a timeshare exit company include:
- The company’s BBB rating. If the company does not have an A+ with the BBB, don’t work with them. There are plenty of timeshare exit companies with an A+ that perform this service.
- The company’s years in business. Many fly by night companies exist in the timeshare exit industry. 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.
- Does the company have video testimonials from its customers? Video testimonials are harder to fake and are more likely to be true than a written testimonial.
Overall, the best way to protect yourself when using a timeshare exit company is with the use of an escrow payment option. Learn more about escrow and why it’s important here.