Are you looking into selling your Marriott timeshare, yet have some questions about the process of transferring your ownership? In this article we’ll take a quick look at what is involved in transferring your Marriott Vacation Club account.
Transferring A Marriott Timeshare
Once a buyer is found, you will want to get their offer into a contract form. Be weary of anyone who isn’t willing to put the terms in writing for your review. Any smart broker will voice any offers they receive in a contract form for your review. It’s up to you to decide whether to decline, counter, or accept. The use of a broker can make your life a lot easier in this part of the sale.
Next, you’ll want to employ a closing company to get the transfer processed. The closing company will determine the status of the ownership’s title, ensure all terms of the contract are upheld, and hold the buyer’s funds in escrow during the transfer process. This step provides peace of mind for both buyer and sell throughout the transfer, and any reputable broker won’t start a transfer without a closing company involved.
Marriott does possess Right of First Refusal, you can find more information on our Marriott timeshare buy back considerations page. Just know that Right of First Refusal can take about 30 days to complete, and if Marriott chooses to buy back your timeshare, you’ll keep the price your buyer originally agreed to.
Wrap-Up
In conclusion, by learning a bit about how to transfer a Marriott timeshare, you can navigate the resale market successfully and get your ownership sold safely and legally. If you have any questions about getting a free listing, feel free to contact us.
