Determining Exactly What You’re Selling:
If you’re putting your Marriott unit up for sale, you are selling a timeshare that is either a legacy week, or part of a points package. It’s important, as a seller, to understand the system you’re selling. If you need a refresher, see our article .
You will also need to take inventory of any outstanding reservations or commitments you have, to be able to communicate effectively to your potential buyers what is available to them. Questions to answer regarding the current calendar year as well as the upcoming year:
- Do you have any existing reservations?
- Have you used your vacation time or points?
- Have you made any deposits into Interval International?
- Did you elect to convert your usage into Destination Points or Reward Points?
- Have you rented your vacation usage for either year?
- If you are a Club Destinations owner, how many points are available for use right now?
You can’t sell your vacation ownership if you can’t tell a potential buyer what they may or may not have available to them to use this year or next for vacationing, so these answers are critical and must be absolutely accurate. Don’t guess or try to remember. If you are not absolutely sure, contact Marriott Owner Services and a reservation representative will help you. Again, be prepared to take good notes of your conversation.
Using Marriott Bonvoy Points
Its also important to note that if you dont have qualifying activity from the past 24 months. Qualifying activity includes making a purchase on a Marriott credit card, earning points by staying at a hotel, earning points through a Marriott Bonvoy partner, redeeming points or purchasing points.
» Learn more:Five ways to redeem your Marriott Bonvoy points
Ask Redweek / February 2014
Have buyers had issues with Marriott giving approval for MVC points transactions? What kind of fees are they charging for this transfer?
We are not aware of any issues with Marriott Vacation Club approving the resale of points. Marriott does indeed have a Right of First Refusal option on all sales on the secondary market of Marriott Vacation Club Destinations – this applies to both points and deeded week transactions. The Right of First Refusal price point could fluctuate based on Marriott’s needs and market conditions, and would be difficult to predict.
The transfer fees are $200* $500 per MVC Beneficial Interest , with a $3,000 minimum. In addition, there is a $300 new member education fee and a $95 ROFR option research fee. Again, Marriott holds ROFR for all MVC point ownerships – so, unless they exercise their ROFR option, the $95 fee will be required for the transfer. If the buyer is already a MVC point owner, then the education fee is waived. Escrow and closing costs are based on whichever closing company is used, and their specific charges.
* Article updated December, 2015
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Can I Stay At Marriott Vacation Club
Owners of the Marriott Vacation Club Destinations program can choose any location and any villa size, check-in on the day of their choice and stay as long as they wish or use Vacation Club points to discover other types of vacations such as cruises, tours, exchanges, hotel stays and travel services.
How do I cancel my Marriott Vacation Club timeshare?
You can call a Marriott Vacation Club Exit Specialist at 866-682-4547 or 407-641-1801. You can also send an email to start the process to Exit Specialists are generally available to assist you weekdays during regular business hours Eastern Time.
What is the difference between a timeshare and a vacation club?
A timeshare is a unique property that you visit year after year. The timeshare company allows you to vacation there at set times, usually for a week or two each year. To join holiday clubs, you pay an initial membership fee. After that, you pay a monthly or yearly membership and maintenance fee.
Average Cost Of Marriott Vacation Club: What To Expect When You Join
Are you interested in buying a Marriott Vacation Club timeshare? If so, you should be fully aware of all of Marriotts costs and fees that you will come across when purchasing an MVCI timeshare. There are many things that will influence how much it costs to become a Marriott owner, so its important to do your research before buying! Keep reading to learn more about the average cost of Marriott Vacation Club and to see how you can save some money when you join!
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Maintenance Fees And Club Dues
Its important to know that the initial price of buying a timeshare isnt all you will pay. Maintenance fees are mandatory payments made by timeshare owners each year. These fees pay for the operating costs of Marriotts resorts, which include renovations and general upkeep. Within these fees is a replacement reserve which goes towards any future improvements made to the resort. Maintenance fees are different at each MVCI resort, so they can definitely affect the cost of your Marriott timeshare. Property taxes will raise the costs of your Marriott timeshare too. Owners should also expect to pay club dues, which are reservation fees for banking or borrowing points. Club dues also include access to Interval International, a vacation exchange program that can improve the experience of being a timeshare owner.
How Much Are Marriott Vacation Club Maintenance Fees
The cost of maintenance fees is dependent on the resort and variables such as the type of ownership , season, whether the ownership is annual or biennial, etc. Maintenance fees in general for timeshares go up about 2-3% each year and averaged $1,000 per interval according to the American Resort Development Association. So this is a good benchmark to use when estimating fees.
Keep in mind that fees are calculated based on the resort at which the purchase was made, regardless of whether it is points or weeks. In the case of Marriott Vacation Clubs more lucrative destinations such as Marriott’s Aruba Ocean Club, maintenance fees would be higher than $1,000. For example, a one-bedroom platinum or gold annual use would be about $1,500.
Now, keep this in mind when looking at Marriott Vacation Club maintenance fees. The initial price paid for the timeshare goes a long way toward determining the overall value of the timeshare. If a one-bedroom timeshare such as the one above at Aruba Ocean Club was purchased as a resale for, say, $7,000, then the average annual cost of the accommodation would be about $1,850 when the total cost is spread over a 20-year period. Thats not bad for a weeks accommodation in a multi-room unit in Aruba. This is why it is crucial for buyers to buy on the resale market.
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Background On The Program
Our first property was purchased long ago at the very first Marriott Timeshare Property, Monarch, located in Hilton Head, South Carolina. It deeded an exact unit during an exact week. It was very straight forward, you either used the week or you banked it to trade into another property, or your home property during a different time of the year. You could transfer within the RCI program, but managing its use wasnt too complex. You essentially owned a fraction of a condo and paid maintenance on it annually.
Then the program shifted. No longer could you buy the deed to an exact unit during an exact week, you bought into differentiated seasons with banks of units that priced differently according to view, location, etc. You were assigned a unit upon check-in based upon the class timeshare you owned. For instance, if you bought during Platinum season in an Ocean Front unit you knew broadly what you were getting, but gone were the days of staying in Unit 3-201 every year. One year you may get that favorite unit, the next it may be in a different building with the same classification. This new system was similar to a Co-Op program whereby you just owned a share of the overall property rather than the exact unit.
Are There Any Other Marriott Vacation Club Fees I Should Know About
Your yearly bill may incorporate an extra expense depending on where you own your Marriott timeshare, for example, in the accompanying cases:
If you own a week in you will be subject to an additional owner services fee. This fee is to cover the administrative costs that accompany the unique privileges that Florida Club owners have access to.
If you are ready to start looking for your ideal , then browse our selection of available properties here, or contact us for more information.
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How Can I Purchase Timeshare With Marriott Vacation Club
You have choices on how you can purchase a timeshare interest from Marriott Vacation Club.
- Visit a sales gallery at one of our resorts or other locations.
- Request information or call When you contact us, we will give you a clear, simple overview of our program, answer any of your questions and guide you through vacation options based on your preferences and needs.
- What are the costs associated with owning a Marriott Vacation Club Timeshare Interest?
There are two costs associated with owning timeshare weeks ownership with Marriott Vacation Club Timeshare Interest the purchase price for the timeshare interest, and annual maintenance fees in respect of each week owned. Other fees are applicable depending on enrolment in the Marriott Vacations Destinations Exchange Program and/or Interval International membership. So that we may help you determine how many timeshare weeks you need based on your travel and vacation interests, request information or call . A Marriott Vacation Club representative will create your customized plan complete with current prices, incentives and savings.
Go To The Masters With Points
Yes, the most exclusive, hard to get tickets in all of sports can be yours by using your Marriott Vacation Club points. How? Check this out
I mentioned earlier in the post about investigating the Explorer Collection. Well, buried amidst other redemptions is a subcategory Golf. I figured it was mainly standard PGA tour events and free rounds at courses associated with Marriott properties.
The epitome of bucket list Golf: The Masters.
The Masters One Day Program increased from 6700 points to 8500 points in 2021 It has remained the same for 2022. If youre a golf lover, going to the Masters, especially Thursday-Sunday, is a true bucket list item. At 8500 points this isnt as great as it once was , but 8500 will save you well over $2k on the resale market.. In fact, resale sites typically sell tickets on the low end for $2500 a piece, and those dont include Hospitality tent access.
I was lucky enough to attend the Masters in 2018 with my dad for his 70th birthday. Its one incredible experience that I thought was going to be once in a lifetime. With this developmentwe may have to go back!
Note, that when you elect this package, you can go this coming year, next year, or the year after so if its on your listgo for it!
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Using A Timeshare Exit Company
Timeshare exit companies exist to assist timeshare owners with a timeshare cancellation when their resorts wont 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 its important here.
Some other things you may want to look out for when choosing a timeshare exit company include:
- The companys BBB rating. If the company does not have an A+ with the BBB, dont work with them. There are plenty of timeshare exit companies with an A+ that perform this service.
- The companys 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 its important here.
Is Marriott Vacation Club A Timeshare
Marriott Vacation Club is a timeshare program. MVC functions on an ownership basis and timeshares are also referred to as vacation ownership.
With Marriott Vacation Club, you basically own property several weeks out of the year and have access to different properties within their designated locations.
However, Marriott offers two different types of timeshares, one that is member-based, which is what weve mainly discussed, and the other is deeded, which means its then your responsibility to sell or rent. Member-based timeshares are usually preferred since you have access to different destinations.
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Websites To Purchase Resales Through
Most timeshare buyers are not aware of Marriott vacation timeshare resales, let alone where to purchase them. We offer full customer service and Marriott timeshare collection for those looking to purchase. Contact us if you have questions regarding Marriott Timeshare resales. Email us for the latest Marriott listings and great prices at .
Here are my ratings of the following timeshare resale sites where you can put places up for sale:
Redweek.com Redweek is one of the best sites in the industry for finding resales. Great inventory for Marriott and a verified process gives you the ability to buy with confidence. Redweek is highly recommended for its integrity and ease of use. There is an $18 membership fee per year to join.
SellMyTimeshareNow.com -I do not recommend this site. The pricing is too high, and many listings are inactive. I find this a red flag for a timeshare business. However, if you want to get a sense of the Marriott sale and rent market, you can view this site for additional research.
eBay Great source for finding occasional Marriott deals, but beware since there is no formal process and there are lots of scammers lurking on eBay.
Tugbbs.com Tugbbs is a great site for asking around for Marriott resales. There are not many listings in their directory, but it provides a great membership base to help you learn about the resale marketplace and make educated decisions around your purchase.
Understanding Your Marriott Maintenance Fees
Beyond your points purchase, youve still got two payments to keep up with each year: maintenance fees and club dues. Your fees and dues cover operational expenses, plus upkeep of amenities and site repairs.
These payments are an integral part of your MVC membership, and essential to keeping your ownership and credit in good standing. Youll owe them every year, regardless of how much you travel in that particular year. And youll need to be caught up with your payments in order to receive maximum support if and when you decide to exit your timeshare ownership.
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Stay At Marriott Hotels
For the most part, youll earn 10 base Bonvoy rewards points per dollar spent at Marriott properties. So if you spend $100, youll earn 1,000 points. However, some budget brands offer lower base earning rates.
Bonvoy elite status holders earn additional points on top of this base rate:
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Silver members earn 10% more.
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Gold members earn 25% more.
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Platinum members earn 50% more.
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Titanium and Ambassador members earn 75% more.
How Do You Sell A Marriott Timeshare
You sell a Marriott timeshare essentially the same way you sell any other product by advertising it. Because timeshare ownership is a use product and not something physical like a car or clothing, youll need experienced industry help in order to sell.
First, make sure you have your ownership documents in order so you can prove what you own. Youll be amazed how many owners dont actually know specifically what they own. Copies of deeds and sales contracts will document this. Also see if you have any photos of your Marriott timeshare resort or unit that you can use. This will show how much fun youve had, the same kind of fun a buyer can have.
Now, youre ready to find an outlet to sell your Marriott timeshare. This is a specialized market, so look for high traffic websites that specialize in selling timeshares such as BuyaTimeshare.com. Ask about marketing plans and how much targeted traffic the website gets. Get any promises in writing since many states such as Florida require resellers to provide a written contract for services.
When everything is in place, you can engage a closing company to handle the actual processing of the transaction. This can take from 60-120 days depending on the ownership and the efficiency of the resort. Once you are notified that your timeshare is sold and closed, look for the check and start planning to spend that money!
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How Much Does It Cost To Buy Marriott Points
Buy Marriott points Marriott Bonvoy points can also be purchased in increments of 1,000 for $12.50. This means that points cost 1.25 cents each, which may or may not be worth it, depending on your trip. However, purchasing points is almost never a good idea unless you have a specific redemption in mind.
How Many Marriott Points Can You Buy
You can buy as little as 1,000 Marriott Bonvoy Points for $12.50 and as many as 100,000 Marriott Bonvoy Points for $1,250. Points can be purchased in 1,000-point increments, starting at 1,000 points.
You can buy or receive as a gift up to a combined maximum of 100,000 points per calendar year. This does not include the points that you can buy when booking reservations and topping off your account.
When you’re short on points while booking a hotel stay, you can purchase up to an additional 100,000 points going that route.
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