Resale Operations
The Resale Operations department
provides transactional and counseling services to Owners who are
interested in divesting their interest. There are several programs
available to Owners:
Registration Program – All
Owners are eligible for the registration program. This is a
waitlist for Owners who are interested in selling; however a
listing or repurchase may not be readily available. Owners are
registered in date order and will subsequently be contacted when
either the listing program or repurchase program is available.
Listing Program – The listing
program is established at domestic resorts that are 100% sold out
of developer inventory. Marriott Vacation Club will broker a
transaction between an Owner and a buyer. The Owner will receive
60%* of the market value after the commission,
marketing/administrative and closing costs have been paid.
Repurchase Program –
Periodically, Marriott Vacation Club will purchase Vacation
Ownership interest(s) directly from an Owner. The pricing and terms
are subject to change without notice. This program is established
at international resorts that are 95% sold out of developer
inventory.
Right of First Refusal – In
accordance with the Public Offering Statements for Marriott
Vacation Club and Horizons by Marriott, an Owner who is interested
in selling their timeshare privately is required to comply with the
Right of First Refusal policy. Owners must notify Resale Operations
of their intention to sell. At this point, Marriott Vacation Club
has the option to either exercise the option, i.e. a direct
repurchase in accordance with the terms of the external contract,
or waive the option, i.e. the Owner is free to proceed with the
external transaction. A formal waiver will be prepared, in
recordable form, and forwarded to the Owner and/or Title Company
that has made the request. Requests are responded to in a timely
manner and in accordance with the requirements in the Public
Offering Statement.
The Resale Operations department is
located in Orlando, FL and services all Marriott Vacation Club
Owners (domestic and international**). The hours of operation are
9: 00 am – 5: 00 pm (ET), Monday through Friday. Owners may
contact the department as follows:
E-mail:
resale.operations@vacationclub.com
Toll-Free: 866-682-4547 or 877-682-4547
Direct Dial: 407-903-6160
Fax: 407-903-5995
Right of First Refusal Requests: mvcirofr@vacationclub.com
* Proceeds will be applied
to any existing loan balance. The seller’s account must be current
on all maintenance fee payments, loan payments, and tax payments
(where applicable).
** Owners of Marriott’s Phuket Beach Club, please contact Owner Services
|