In the world of timeshares, Marriott is one of the biggest names in the game. Countless people own Marriott timeshare properties, and these locations are found in many desirable locations such as California, Hawaii, Florida, Arizona, and beyond. Traveling to a Marriott timeshare is usually a reliable way to have an enjoyable trip with family and friends in a beautiful place.
So, why in the world would you want to get out of your Marriott timeshare? While the destinations are great and the properties are enjoyable, there are many downsides to owning a timeshare. We’ll get into those in a moment, but just know that while it might not be easy to cancel your timeshare, it is possible. Take the time to read through this page and get started on this process as soon as you can.
Why Would You Want to Cancel a Marriott Timeshare?
To be sure, Marriott timeshares have a lot to offer. There is no doubting the size of the Marriott travel network, and you could easily live a few lifetimes without making your way around to see all of their various properties around the globe. It’s the downsides to timeshare ownership that we referenced above that cause people to want to leave, not the properties themselves.
You might want to get out of your Marriott timeshare because you just don’t have the time to travel anymore and you feel like you are wasting money year after year. Or, even though there are a lot of Marriott properties to pick from, you may notice that the best ones always tend to be booked up at the times you would like to travel. Finally, it could be simply that the timeshare has gotten too expensive and the maintenance fees no longer fit in your budget.
Whatever the case, you should start right away working on canceling this timeshare if it’s not something you want to own any longer. The sooner you start, the better the chances that you’ll get out quickly and can stop making those payments when they come around.
A Quick Exit Could Be Possible
Depending on where and when you purchased your Marriott timeshare, it might be possible to leave immediately with no questions asked. That’s only going to be an option if you just purchased this timeshare within the last few days, however. So, most of you who are reading this will want to move on to the next section, but if that does happen to apply to you, carefully review the information below.
What I am talking about here is something known as a recission period. This is a legally defined period of time during which you have the right to cancel your timeshare and move on with no questions asked. The duration of the recission period will depend on where you made your timeshare purchases – in some places, it’s just five days, while in other places it may stretch out to ten. So, check the rules for the relevant location and then jump into action if you still have time.
Using the recission period is ideal because you don’t lose anything in the process. You get your money back, the contract is torn up, and the whole deal is off. It’s truly like it never even happened and the timeshare company will have to comply as they are legally required to do so. Be sure to properly go through the cancellation with the timeshare by sending a letter and confirming that they receive it so there are no unwanted surprises later on.
Putting Your Timeshare Up for Sale
Selling timeshares is tough – I’ll tell you that right from the start. The supply and demand balance is not in your favor, and if you do find a buyer, they probably won’t want to pay you very much for what you own. Also, being a Marriott owner is a bit of a mixed bag in terms of trying to sell. On the one hand, since Marriott has so many properties, it will appeal to a wide range of prospective buyers. On the downside, again since it is so big, there are sure to be plenty of other Marriott timeshares out there for sale, and there really won’t be anything unique about yours to separate it from the pack.
You might as well try to sell your timeshare as long as you don’t have high expectations. Don’t think that you are going to get a lot of money out of the sale, and don’t even be sure that a sale is going to happen at all. Just put up a few listings, monitor your messages, and see if you happen to get lucky.
Contact Marriott to Ask About Your Options
A company as big as Marriott will have plenty of experience dealing with people who no longer want to be owners. That’s just part of what they do on a day-to-day basis. So, if you are trying to get out of your timeshare, you might as well reach out directly to them and see what they have to say
The ideal result of this conversation will be that they inform you of an active deed back program that you can use to leave. This would involve you signing the deed back to Marriott in exchange for the right to walk away from any future obligations like maintenance fees and more. This is a stress-free way to leave a timeshare and you should be quite happy about the opportunity if it does come along. Sometimes these opportunities will come and go depending on what is going on within the company, so it’s wise to keep asking periodically to make sure you don’t miss a chance.
What Can a Timeshare Exit Company Do For You?
It should be clear by this point that getting rid of a timeshare, even one as big as Marriott, can be tricky. There aren’t necessarily going to be many people out there who want to buy your timeshare, and asking them to take it back will yield inconsistent results. So, what’s left to do? You might be able to get out of this situation by turning to a timeshare exit company for assistance.
What is a timeshare exit company? It’s pretty much exactly as it sounds. This is a company that exists solely to help people leave their timeshares successfully. This can be accomplished through a variety of means, and while there is no guarantee that it will be successful, the best companies are able to come through for their clients more often than not.
One thing I always like to remind people who are thinking about using an exit company is that you have to treat this decision just like anything else in your financial life – proceed with caution and be smart. Don’t just turn over a bunch of money to a timeshare exit company sight unseen and expect them to come through for you. That’s just not a good idea. Instead, make sure your money goes into an escrow account so it will be protected while the company works on getting you out of the contract. That’s a much safer plan and will limit the chances that you lose your money on this endeavor.
Frequently Asked Questions
Are there still some questions rolling around in the back of your head that weren’t answered in the content above? I’ve added a few FAQs below to hopefully clear up some of those lingering points.
Q: Are Marriott timeshares worth it?
A: Everyone has a different definition of what is “worth it” to them. Some people will love their experience with a Marriott timeshare, while others will be anxious to get out. You have to decide for yourself if you want to continue being an owner.
Q: Does Marriott take back timeshares?
A: You can always reach out directly to Marriott, as discussed earlier, to see if they have any deed back programs available. This option isn’t guaranteed to be available, but it certainly doesn’t hurt to ask.
Q: Can I sell my timeshare for a profit?
A: Probably not. Most of the time, it’s hard enough to sell a timeshare for even a single dollar, let alone make money on the deal. If you find a buyer, be happy that they will take the timeshare off of your hands, even if you don’t really make any money on the exchange.
We Are Here to Support You
All it takes is placing a phone call to 833-416-8796 to chat about the situation you are in and what you could do to get out of the timeshare and move on. If you would prefer, it will also work to use the chat function here on our site to get in touch. Each day that goes by is another day that you are committed to your timeshare, so make a big move today by taking the first step and the end will start to come into view.