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Marriott Vacation Club Deed Back Option?

DeeDub3248

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Maui Ocean Club
I have been offered a "deed back" from Marriott Vacation Club that essentially will take back any of their deeded timeshare contracts, including owned resort weeks and Destination Points. It is a "no cash" deal, which means you get nothing from them in payment but also don't pay anything in closing costs either. Seems a decent option for these deeded timeshare contracts, IF you are ready to get out and avoid the continually escalating maintenance fees. Any thoughts or experiences with this to share? They said we only have 7 business days to accept, which is a bit odd, but guess not unreasonable. Has this option been around for some time now?
 

needvaca

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Deedback is a good, easy option in the last couple years (I recently did one myself), but your timeshare may have value if it’s a desirable location and you possibly sell it on TUG.
Tell us what it is, and we can give you an idea of its value and if it’s worth pursuing a sale.
 

DeeDub3248

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We have every-year 1BR in the original Ocean Club towers and an alternate-year 2BR in the newer twin towers on either side of the original property. Floating weeks and locations so you get what's available when you show up. Would love to get at least some return on the investment. We are moving from CA to SC sometime next year so just don't think we will want to make the much longer trek out to Hawaii. Thanks for any info, estimate, etc. Am particularly confused about how the "deed" closing is handled in these situations.
 

DeeDub3248

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Sorry, I neglected to say "Maui Ocean Club"! So pretty desirable location!
 

cbyrne1174

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100% resale!!

needvaca

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You could easily get $3000 or more for it by posting it for sale here on TUG.
Then use LT Transfers for the legal paperwork and deed transfer. They are cheap and highly regarded on TUG.
It’s a little more work than a simple deedback to Marriott, but worth it.
 
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mjm1

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Marriott: Resorts and Destination Club Points;
Westin Kierland Villas;
HGVC Flamingo & Blvd;
Hyatt Pinon Pointe
We have every-year 1BR in the original Ocean Club towers and an alternate-year 2BR in the newer twin towers on either side of the original property. Floating weeks and locations so you get what's available when you show up. Would love to get at least some return on the investment. We are moving from CA to SC sometime next year so just don't think we will want to make the much longer trek out to Hawaii. Thanks for any info, estimate, etc. Am particularly confused about how the "deed" closing is handled in these situations.

Are your units enrolled in the Destination Points Program? Did you buy them directly from Marriott? If the answers are “no” and “yes” respectively, I believe you can enroll them for a very low or no cost. You would garner quite a few points that you could use at resorts closer to your new home. If you would use them this may be an option to consider.

If you bought them resale, the Enrollment costs would likely be more than you would want to spend as it would require the purchase of 3,000 points to enroll one unit or 4,000 points to enroll both units.

Best regards.

Mike
 

travelhacker

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I definitely wouldn't deed back on this. You shouldn't have any trouble selling them at the right price, and as @mjm1 mentions, you may get value out of enrolling them.

I'm sure there's a number of TUGgers that would be willing to take them off your hands -- so don't feel rushed with the 7 day offer.
 

tshd

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I definitely wouldn't deed back on this. You shouldn't have any trouble selling them at the right price, and as @mjm1 mentions, you may get value out of enrolling them.

I'm sure there's a number of TUGgers that would be willing to take them off your hands -- so don't feel rushed with the 7 day offer.
I agree with this too. These weeks have resale value. The new tower especially. Take a quick look at the TUG Marketplace and Redweek.com to get a feel for resale values.

Did you reach out to Marriott to ask about a deedback option? About a year or so ago I responded to an ad here on TUG Marketplace for someone wanting to get out of their ownership at Marriott Kauai Beach Club. We were working on the details when the seller said someone from Marriott had reached out to him to offer a deedback, so he decided to take them up on that. I was annoyed with Marriott because they knew it had value and that they would most likely acquire the week through ROFR and have to pay him resale market value for it but convinced him that it was easier to deedback the week for free instead. The guy lost out on $10K at a minimum. Maybe the money wasn't important to him, but I felt like Marriott got away with robbery.

If you offer the weeks for a reasonable price here on TUG marketplace and use LT Transfers, you should be able to get more than $0 for not too much effort. LT Transfers is very easy to work with. Even if you had to pay a small commission (never pay this before the sale though!!) you will still make more money than just giving it back to Marriott for nothing!! If you need the names of some reputable agents I've worked with DM me.
 

turkel

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Marriott Grand Chateau
Definitely don’t give them to Marriott for free. Even a low price is better than no $$. You own wonderful weeks that have value. The thought you might walk away with nothing is ridiculous.
 

vacationtime1

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You can hire a broker to sell these for you if you don't have the time or inclination to do it yourself. Your units have some value; don't give them away.

I have worked with Syed Sarmad on three Maui transactions and recommend him highly: www.advantagevacation.com
 

bogey21

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This is terrible. You pay thousand of dollars for a Week (or Points) then give it back to Marriott for nothing. Does anyone have any idea how many people are doing this?

George
 

T-Dot-Traveller

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I have been offered a "deed back" from Marriott Vacation Club that essentially will ......... Seems a decent option for these deeded timeshare contracts, IF you are ready to get out and avoid the continually escalating maintenance fees. Any thoughts or experiences with this to share?

They said we only have 7 business days to accept, which is a bit odd, but guess not unreasonable. .....

I am not suggesting you need to give away for free ( as others have given a realistic resale value range.)

HOWEVER - there is the TUG sub-forum for free giveaways.
I scan this forum regularly - and I do not think I have ever seen any Marriott TS giveaway last 7 days ,before being snapped up .
 
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ResaleExpert

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Marriott Royal Palms
Sands of Kahana fractional (sold)
I have been offered a "deed back" from Marriott Vacation Club that essentially will take back any of their deeded timeshare contracts, including owned resort weeks and Destination Points. It is a "no cash" deal, which means you get nothing from them in payment but also don't pay anything in closing costs either. Seems a decent option for these deeded timeshare contracts, IF you are ready to get out and avoid the continually escalating maintenance fees. Any thoughts or experiences with this to share? They said we only have 7 business days to accept, which is a bit odd, but guess not unreasonable. Has this option been around for some time now?
As a 33 year Marriott owner and licensed timeshare resale broker specializing in Marriott and Hyatt resales I would strongly suggest you use a licensed broker with no cost to list your weeks. They do have value and will sell. Shame on Marriott for pressuring you and not giving you that option.
 

travelhacker

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@ResaleExpert is a great broker. For whatever reason, I've never been able to buy from him, but I have e-mailed him on a couple of occasions to get pricing and details about units and he is incredibly responsive. The couple of times that stuff was priced for what I wanted to pay, they went under contract before I could pull the trigger....no one's fault but my own. If you just don't want to hassle with it, and you price right (which I'm sure he knows the right price) I think he would be great to use.
 

ResaleExpert

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Hyatt Wild Oak Ranch
Marriott Royal Palms
Sands of Kahana fractional (sold)
@ResaleExpert is a great broker. For whatever reason, I've never been able to buy from him, but I have e-mailed him on a couple of occasions to get pricing and details about units and he is incredibly responsive. The couple of times that stuff was priced for what I wanted to pay, they went under contract before I could pull the trigger....no one's fault but my own. If you just don't want to hassle with it, and you price right (which I'm sure he knows the right price) I think he would be great to use.
Appreciate the kind words; hopefully in the future we can find something for you! Bill
 

Rustaun

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Appreciate the kind words; hopefully in the future we can find something for you! Bill
@ResaleExpert, are you still selling Timeshares? I have an Aruba Ocean Club 1bd annual gold ocean view. Could you help?
 

emeryjre

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You can hire a broker to sell these for you if you don't have the time or inclination to do it yourself. Your units have some value; don't give them away.

I have worked with Syed Sarmad on three Maui transactions and recommend him highly: www.advantagevacation.com
Syed is highly regarded here at TUG
He is honest
Specializes in Maui
He would answer your question with no obligation to utilize his services
 
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