Can I give up my timeshare which I just bought?

riseball says:

I hope for your sake that it is within the 3day grace period that you have to cancel the contract. If it isn’t, well, you have yourself a timeshare. One thing though, you don’t complain about the timeshare itself only the fact that you found it cheaper somewhere else. If you (you in the general sense) bought a car the same thing can happen, if you find someone who paid one dollar more than you, you feel smug about how smart you were, if you find a person who paid one dollar less than you, you feel like you got ripped off. It sounds to me like you liked the timeshare enough to have felt it was worth the price you paid until you found a cheaper place to buy one. When you are buying anything of substantial cost you need to do your due diligence prior to the purchase, not after. If you found a timeshare site that charged more than you paid for the same unit I don’t believe you would be so discouraged. If you find you need to keep the unit, try to concentrate on the reasons you purchased the unit not on the cost because in all likelihood the value of the unit dropped like a rock as soon as the three day grace period was over. Next time look into resellers not direct purchase, which in fact could be where you found the less costly unit. Resellers can be as much as 75% cheaper than direct buy. What you have is commonly referred to as buyers remorse and it is very common among timeshare purchasers. Put it under the lessons learned the hard way column.