Normally I think 24-48 hours is standard however if you are dealing with an estate situation or a bank foreclosure it make take longer as more people may be involved in the decision making process. The best way to ensure that negotiations happen as quickly as possible is to ensure that you provide all information up front with the offer such as you pre-approval letter from your mortgage broker. Best of luck to you! I hope you are able to settle on a price so you can move into your new home soon;)
Your buyer agent should be on top of this.
Best of luck!
Noreen & Wayne, Associate Brokers
Certified Buyer Representatives
Better Homes & Gardens Rand Realty