Owning a Marriott timeshare may have seemed like an excellent investment in future luxurious vacation options, but life doesn’t always follow the same plan. Whether rising maintenance fees, lifestyle changes, or dissatisfaction with your ownership are driving you to seek an exit, this guide explores the best ways to get out of your Marriott timeshare.
Let’s break down the most effective ways to exit your Marriott timeshare contract and look at what to avoid.
If you’ve just purchased a Marriott timeshare but changed your mind, you may be able to cancel it if you act fast. Every state has a legal rescission period, typically lasting between three and fifteen days after purchase, during which buyers can walk away from their contract without penalties.
To cancel, you’ll need to follow the instructions outlined in your contract, which often require submitting a written notice via certified mail. If you’re still within this window, act quickly and ensure you receive confirmation that your request has been processed.
If the rescission period has passed, canceling your contract outright is no longer an option, but there are still ways to exit your timeshare responsibly.
Marriott does allow some owners to return their timeshare. Generally, to be eligible, your timeshare must be fully paid off, and you must be current on all maintenance fees and assessments. Marriott may also charge a processing fee to finalize the transfer.
The availability of this program can vary based on location, ownership type, and other factors, so it’s best to contact Marriott directly to see if you qualify.
Unlike traditional real estate, timeshares don’t appreciate, and many sell for significantly less than their original purchase price. Marriott timeshares are no different, unfortunately. But that said, some Marriott timeshares tend to hold more resale value than many other brands, especially those in high-demand locations.
If selling proves difficult, another possibility is transferring ownership to a family member, friend, or willing third party. This can be an easy way to get rid of your timeshare, but the new owner must be aware of ongoing fees and responsibilities.
Some organizations even claim to accept timeshare donations, but most charities avoid them due to the financial burden of maintenance fees. If you’re considering this route, thoroughly research any company offering donation services.
The frustration of trying to exit a timeshare has led to the rise of an entire industry claiming to help owners escape their contracts. Unfortunately, many of these so-called exit companies are scams. They often charge exorbitant upfront fees and make promises they can’t legally fulfill.
When dealing with a legitimate company, they will clearly explain the process, won’t make unrealistic guarantees like promising to cancel a contract regardless of the terms, and they won’t ask for upfront payments before explaining why.
If you’re unsure about a company’s legitimacy, you can check if they are listed in our scam database, and if they aren’t, take the time to research, read reviews, and seek professional guidance before committing.
Some owners contemplate walking away from their timeshare obligations by simply refusing to pay maintenance fees. While this might seem like an easy solution, it comes with serious consequences, and we wouldn’t recommend it.
Non-payment can lead to damage to your credit score or collection agencies pursuing unpaid balances, or even legal action from Marriott. It’s always better to pursue a legitimate exit strategy instead of defaulting on payments.
No matter your reasons for wanting to exit a Marriott timeshare, it’s important to find a strategy that protects your finances and avoids unnecessary risks. While options like Marriott’s exit program, resale, or transferring ownership are viable solutions, every situation is unique.
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Yes, but only within the legal rescission period, which varies by state. Once this period expires, other exit options must be explored.
Marriott offers an exit program for some owners, but eligibility requirements apply. Contact Marriott directly to see if you qualify.
Selling is possible, though resale values are typically much lower than the original purchase price. Marriott might also have a Right of First Refusal that may impact the process.
Skipping payments can lead to credit damage, collections, and even legal action. It’s best to seek a legitimate exit option rather than defaulting.
Be cautious of companies that demand large upfront fees, make unrealistic promises, or have a history of complaints, and research thoroughly before working with any exit service.
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