After accepting an offer, how many days does a buyer have to rescind the purchase offer?

In California, after an offer has been accepted, a buyer has the right to rescind the purchase agreement within three days. This aligns with the provisions under the California Civil Code concerning the buyer's right to cancel certain types of real estate transactions. The three-day period provides an opportunity for the buyer to reconsider the decision before proceeding with the purchase, allowing them to back out if they have experienced buyer's remorse or if new information has come to light that prompts them to reconsider their decisions.

This three-day rescission period is particularly significant in transactions involving residential properties, as it serves to protect buyers and ensures they have a fair amount of time to assess their situation post-offer acceptance. The timeline is triggered once the buyer receives a copy of the contract, which may vary based on how the agreement is executed and delivered.