how to get out of a marriott timeshare

3 min read 09-12-2024

Meta Description: Tired of your Marriott timeshare? Learn how to get out of your Marriott Vacation Club contract. This guide covers all your options: resale, rental, and legal avenues. Explore the pros, cons, and potential costs associated with each method. Escape the timeshare hassle today!

Understanding Your Marriott Timeshare Contract

Before exploring exit strategies, understanding your specific Marriott timeshare contract is crucial. Location, purchase date, and any add-ons significantly impact your options. Carefully review the fine print, noting any clauses about cancellation fees, transfer restrictions, and maintenance fees. This will help you assess the feasibility and potential costs of different exit strategies.

What are the Common Marriott Timeshare Contracts?

Marriott Vacation Club offers various ownership options, each with its own terms and conditions. Some of the most common include:

Points-Based Ownership: This system allows flexibility in choosing destinations and travel times, but the point values and usage rules can be complex.
Fixed Week Ownership: This provides a designated week at a specific resort each year, offering predictability but less flexibility.
Floating Week Ownership: Similar to fixed-week ownership, but with more flexibility in choosing your travel week within a defined season.

Each contract type influences the resale or rental value and the difficulty in exiting the agreement.

Methods to Get Out of Your Marriott Timeshare

Several methods exist for exiting your Marriott timeshare. Each carries pros and cons, with potential costs varying widely.

1. Reselling Your Marriott Timeshare

This involves selling your timeshare ownership to another individual. While it can eliminate your obligations, finding a buyer can be challenging.

Pros: Potential to recover some or all of your initial investment. Removes your ongoing financial responsibility.
Cons: Finding a buyer can take time and effort. You might accept a lower price than desired. Resale companies often charge high fees. You might still be responsible for any outstanding fees until the sale closes.

Where to Sell:

Timeshare Resale Marketplaces: Websites like eBay, RedWeek, and others specialize in timeshare resales. Be cautious of scams. Verify the legitimacy of the buyer.
Marriott's Internal Resale Program: Check if Marriott offers a resale program. This may offer a more streamlined process.

2. Renting Out Your Marriott Timeshare

Instead of selling, you can rent out your timeshare. This helps cover maintenance fees but doesn't eliminate ownership.

Pros: Generates rental income to offset maintenance fees.
Cons: Requires marketing and managing bookings. Rental income may not cover all costs. You still own the timeshare and are liable for fees.

Where to Rent:

Timeshare Rental Websites: Websites like RedWeek, VRBO, and Airbnb allow you to list your timeshare for rent.

3. Timeshare Exit Companies

These companies specialize in helping owners exit their timeshares. They often employ legal and negotiation strategies. However, be extremely wary of scams and thoroughly research any company before engaging their services.

Pros: They handle the complex paperwork and negotiations.
Cons: Significant upfront costs are common. Success isn't guaranteed. Many companies operate with questionable ethics. Thorough research is essential to avoid scams. Always get everything in writing.

Important Considerations When Using an Exit Company:

Read reviews carefully. Look for patterns of complaints. Check with the Better Business Bureau.
Get everything in writing. This includes the contract, fees, and timelines.
Never pay upfront fees that are non-refundable. Legitimate companies will typically base their fees on successful outcomes.

4. Legal Action (Last Resort)

Legal action is a complex and costly last resort. This option is usually only considered after all other avenues have failed. Consult with a lawyer specializing in timeshare disputes to assess the feasibility.

Pros: Potential to void the contract under specific circumstances, such as deceptive sales practices.
Cons: Expensive and time-consuming. Success isn't guaranteed.

Minimizing Future Timeshare Problems

Thoroughly research before purchasing. Understand the terms and conditions. Don't be pressured into buying.
Read all documentation carefully. Ask questions if anything is unclear.
Avoid high-pressure sales tactics. Walk away if you feel pressured or uncomfortable.

Getting out of a Marriott timeshare can be challenging, but with careful planning and research, you can increase your chances of success. Remember to prioritize legitimate and reputable options to avoid scams and unnecessary costs. This guide provides a starting point. Consult with legal professionals or timeshare exit specialists for personalized advice.