Having a set destination to visit on your vacation is one of the many perks of a Marriott timeshare. If you’re considering purchasing a Marriott timeshare, there are some important factors to consider before you buy.
Does Marriott Have Timeshare?
Marriott provides timeshares through their Marriott Vacation Club Ownership experience. With access to international timeshare ownership options, Marriott Vacation Club Destinations offer beach, desert, and mountain destinations for timeshare owners.
How Does Marriott Vacation Club Work?
Marriott is the most popular timeshare in the world. Visit any Marriott timeshare property on a Saturday and you will find leagues of sales reps giving tours for families looking for a Marriott Vacation Club ownership. With over 60 Marriott Vacation Club resorts and 12,000 villas worldwide, Marriott has a stronghold on vacation ownership. As the global leader, Marriott provides destinations in golf, beach, ski, or any lifestyle vacation you desire. The versatility of Marriott is one of their primary benefits.
When you buy a resale timeshare, you acquire points or a fixed week. You are allotted a certain amount of points each year through the program, depending on the initial plan you purchased, but can also buy more points if you wish.
If you purchase a fixed week, you are entitled to visit during that week at that specific Marriott Vacations Club resort.
How Much Is the Marriott Vacation Club?
The cost of being a Marriott Vacation Club owner varies according to the destinations you want to visit, the season of your vacation, how many weeks you buy, and the size of your accommodations. Marriott packages begin at $22,000. Maintenance fees, club dues, and other Marriott association fees are another cost to consider. Financing options are available to those who qualify.
What Are the Timeshare Ownership Choices?
Every Marriott resort has different ownership based on location, weather, and amenities.
The Marriott villas in Newport Beach, California is a popular resort. Two fixed weeks are sold at this beach destination over the 4th of July and Christmas. These guarantee usage every year on those holidays. The remainder of the year is divided into high and low season. The high season is during the summer months of May – September. Buyers must purchase a floating week if not purchasing during the 4th of July or Christmas weeks.
Most Marriott resorts are similar or sell more fixed weeks.
Should You Purchase a Marriott Resale?
Marriott has a reputation for offering some of the most beautiful vacation timeshare experiences in the world. If you want to join the Marriott timeshare world, the resale market provides great deals for your budget. There are several reasons why you should never purchase from a Marriott presentation, and ONLY purchase on the resale market.
How Many Marriott Timeshare Resales are Available?
Each resort is different. The Marriott Newport Coast villas located in California has hundreds of sellers on the resale market. Other destinations like Summit Watch Park City, Utah have only a few sellers. This is due to the popularity and size of the resort.
There are thousands of off-season Marriott timeshares, also known as “shoulder seasons”, available for $1.00- yes, $1.00- through eBay and licensed timeshare brokers. These are typically in ski or far-off destinations with spring or fall usage. If you plan on buying a shoulder season, be aware that reselling it will be almost impossible. A quick internet search of timeshare broker services reveals just how many timeshares are available to buy or during these seasons.
With shoulder seasons, the maintenance fees can end up costing owners more than renting the property. Shoulder rentals are available as Getaways on Interval International (intervalworld.com) for $350 – $450 a week, whereas typical annual maintenance fees for a Marriott timeshare are $1,300.
What to Know about Purchasing a Marriott Timeshare Resale
Marriott Timeshares are hard to sell, so you can usually find a great deal for your Marriott vacation week. Negotiate your price aggressively. Sellers rarely get offers, unless they have a premium week. Start your offer at a minimum 35% below the listing price and stay firm in negotiating. Sellers will often accept a big discount on the list price.
The closing process can be long. Escrow companies and brokers are notorious for a big pile of transactions to go through. Expect 30-45 days for escrow and another 30 days for Marriott to approve your club membership. If you have a Right-Of-First-Refusal (ROFR) clause, expect another 7-10 days on top of that. All combined, you could be looking at 80-85 days before your Marriott vacation purchase is usable.
The timing can be difficult. With a three-month closing time, you can easily miss the deadlines for using your Marriott points, or using your weeks. Be sure to calculate when your next usage is and if you will close in time to use your Marriott weeks.
Annual fees will increase. Expect annual increases of 5% or more on your annual Marriott maintenance charges.
Why Buy Resale?
Discounts, discounts, discounts! Resales are such a great deal that you should never purchase from a Marriott timeshare presentation. A typical Marriott vacation resale will cost $500 – $8,000. Anything pricier is typically a fixed holiday week. A resale for 4th of July week at Newport Coast Marriott will cost you about $19,000 as of June 2019.
If you purchase a timeshare directly from Marriott, you could be paying $45,000 or more. Compared with a vacation timeshare resale price of $5,000, you can see how much you will save by choosing a resale timeshare at one of Marriott’s thousands of luxurious resorts.
During recessions, timeshares are typically cheaper, giving the prudent buyer discount pricing. The same 4th of July week at Newport Coast Marriott during the 2008 financial crisis was selling for around $12,000. Do some research on Redweek in the What Is My Timeshare Worth? section, and visit Sharket to find out what timeshares are truly worth.
Web Sites to Purchase Resales Through
Most timeshare buyers are not aware of Marriott vacation timeshare resales, let alone where to purchase them. We offer a full-service Marriott timeshare collection service 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 [email protected].
Here are my ratings of the following timeshare resale sites:
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.
You can also search and find timeshare real estate agents to help you find your ideal Marriott Vacation Club resorts resale.
Are Timeshares Really Worth It?
If you travel a lot, or want to have a variety of resorts at your disposal, a Marriott Vacation Club timeshare may be the right choice for you. If you are happy traveling to the same destination each year, Marriott Vacation Club destinations are a great choice to save money and have a spot you can guarantee. If you have children, your family can plan your vacation around school breaks if you purchase those prime calendar weeks.
However, you will likely get the best value for your money if you purchase one of the Marriott Vacation Club destinations from the resale marketplace. While you will still pay fees and closing costs, you may be able to secure an annual trip to Marriott Vacation Club resorts at a fraction of the price from an owner or broker.
What to Remember as a Marriott Timeshare Owner
Buying a Marriott Vacation Club high season doesn’t always land you a week during your summer vacation.
The summer season usually runs from May through September, and your children may return to school in August. Some years you will not be able to book Marriott Vacation Club weeks during summer vacation.
Your Marriott timeshare will depreciate.
It will especially depreciate if you purchase directly from Marriott. I’ve talked to Marriott Vacation Club destinations owners that spent over $100,000 on their ownership and the current value is around $12,000. The main reason to buy in the resale marketplace is that most of the depreciation has already taken place.
You will need to plan your Marriott Vacation Club timeshare trips in advance.
To book a vacation at any of the Marriott properties, you cannot be spontaneous. If you’re looking to travel to a popular destination in its high season, booking 1-2 years ahead will help you get the Marriott Vacation Club resorts spot you want. Having a young family or an unpredictable schedule might cause trouble when trying to find a vacation time that works for everybody.
Marriott Vacation Club’s points program provides a certain degree of flexibility.
The MVC points program is accomodating, as you can save up points for future trips, or even borrow points you will get in the future for a current vacation. Points can be used at any of the Marriott resorts, hotels, or affiliated hotel and specialty vacations, giving travelers many possibilities.
You must love the resort atmosphere.
While there are other choices in the Marriott Vacation Club for specialty trips or international hotels, the general Marriott timeshare is a strong resort atmosphere. This means less privacy, smaller units, more kids, and no nightly room cleaning.
Although the Marriott Vacation Club sounds like the perfect travel opportunity, it is not for every traveler.
While your needs may fit in well with the program, others’ needs may not. It is essential to consider budget, usage, unit size, and many factors before buying a Marriott timeshare resale.
Understanding Your Marriott TimeShare and Vacation Club Ownership Rights
Life tends to produce unforeseen circumstances, so being conscious of how you can get rid of your timeshare is just as important as when you purchase. If you are unable to use a previously booked reservation, there are a few options to rent it instead. Sites like Redweek connect timeshare owners and renters to mutually benefit both groups through a verified and trustworthy process, so you don’t have to worry about scams.
Many people buy timeshares that do not fit their needs or were not well-informed at the time of purchase and want to get rid of their timeshares. To avoid being in that situation, contact us at [email protected] to help you find a Marriott timeshare resale that will work best for you.