The Example Offer to Purchase document below outlines the key terms of your proposal to purchase a property including price, financing and escrow terms and other conditions. The Offer to Purchase also outlines who pays for certain closing costs, fees and taxes as well as specified inspection reports. If the seller agrees to the terms of the Offer the Purchase, your offer is accepted, you open an escrow account and start the closing process. If the seller does not agree to the terms of the Offer to Purchase they may offer a counter proposal or reject the offer outright. The Offer to Purchase document is important because not only does it outline the purchase price but also the sources of the buyer's financing including the mortgage and down payment.