Framework Homeownership Making an Offer Answers The buyer will submit the offer, and the seller will consider it and accept, reject, or counteroffer. When the process is accepted, it proceeds to escrow, where the loan approvals, inspections, and appraisals are done. Buyers are required to make deadlines and meet all the conditions specified in the agreement. In case of problems, negotiations can be held. The responses underscore the fact that this step is pivotal in making sure that all is well before closing. The completion of these steps will culminate in the purchase being made, and the ownership is handed over to the buyer.