it specifies in your contract. It is a matter of negotiation, and placed in writing when the sale agreement contract is written. In our area, three days, or three business days after offer acceptance (begining the following day) is common. When I have an out of state buyer, or other timing issues that I know will arise, I write in a longer redemption period. So typically if the offer is accepted on the first, than the funds would be due on the 4th if it is regular days, and depending on when the weekend or possibly holidays fall possibly the 7th.
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