How to Sell Your Marriott Timeshare: The Ultimate Guide

Owning a Marriott timeshare can be a great way to enjoy vacations, but sometimes circumstances change and you might find yourself wanting to sell. How to sell your Marriott timeshare effectively can be a process, but with the right strategy, you can find a buyer and get the best price.

1. Determine Your Timeshare’s Value

Before you start marketing your Marriott timeshare for sale, it’s crucial to know what it’s worth. There are a few ways to determine this:

  • Check Similar Listings: Look at active listings for comparable units in your resort, taking into account factors like location, size, and amenities.
  • Consult a Timeshare Resale Broker: Experienced brokers can provide a market analysis based on their knowledge of the timeshare industry.
  • Use Online Valuation Tools: Several websites offer free timeshare valuation services, but remember they are not always accurate.

2. Choose the Right Platform to Sell Your Marriott Timeshare

You have several options when deciding where to list your Marriott timeshare for sale:

  • Marriott’s Resale Marketplace: This official platform allows you to list directly with Marriott, but they charge a commission on the sale.
  • Timeshare Resale Websites: Many websites specialize in timeshare resales, offering a wider audience and often lower fees.
  • Online Auction Sites: Sites like eBay can attract a large pool of buyers, but they may result in lower selling prices.
  • Working with a Broker: A timeshare broker can handle the entire process, from pricing to closing, but they typically charge higher fees.

3. Prepare Your Timeshare for Sale

To maximize your chances of a successful sale, take steps to make your Marriott timeshare as appealing as possible:

  • Update Photos: High-quality, professional photos are essential for attracting buyers.
  • Write a Compelling Description: Highlight the best features of your timeshare, emphasizing amenities and location.
  • Get Updated Documentation: Ensure you have all the necessary paperwork, including the deed and maintenance fees.
  • Be Transparent: Clearly disclose any restrictions or limitations associated with the timeshare.

4. Price Your Marriott Timeshare Competitively

Pricing your Marriott timeshare too high will deter buyers, while pricing it too low could cost you money. Consider these factors when setting your price:

  • Market Value: Research similar listings to get a realistic understanding of the market.
  • Maintenance Fees: Include the current and projected maintenance fees in your calculations.
  • Desired Selling Timeframe: If you need to sell quickly, you might consider a lower price.
  • Negotiation Room: Leave room for negotiation with potential buyers.

5. Be Patient and Persistent

Selling a Marriott timeshare may take time. Don’t get discouraged if you don’t find a buyer immediately. Be persistent, and consider adjusting your strategy if necessary. You can:

  • Lower the Price: A slight price reduction can increase interest.
  • Promote Your Listing: Use social media and other channels to get the word out.
  • Consider a Rental Option: If you’re willing to rent out your timeshare, it can generate income and potentially attract buyers.

6. Understand the Closing Process

When you find a buyer, the closing process involves several steps, including:

  • Contract Negotiation: Review the contract carefully and ensure all terms are acceptable to you.
  • Financing: The buyer may need to obtain financing for the purchase.
  • Title Transfer: The ownership of the timeshare will be transferred from you to the buyer.
  • Closing Costs: Be prepared to cover closing costs such as legal fees and transfer taxes.

Tips for Selling Your Marriott Timeshare Successfully

  • Stay Organized: Keep track of all paperwork and communications related to the sale.
  • Be Responsive: Respond promptly to inquiries from potential buyers.
  • Be Prepared to Negotiate: Flexibility in negotiations can lead to a successful sale.
  • Seek Professional Advice: If you’re unsure about any aspect of the process, consult with a timeshare attorney or broker.

By following these tips, you can increase your chances of selling your Marriott timeshare efficiently and at a fair price. Remember, research, patience, and a strategic approach are key to success.

Article By Fr4nk