Final answer:
If a seller does not accept an offer to purchase, the deposit funds are typically returned to the buyer, depending on the terms of the escrow agreement.
Step-by-step explanation:
An offer to purchase that is not accepted by the seller would typically result in the deposit funds being returned to the prospective buyer. When an offer is made on a property, the buyer usually provides a deposit to demonstrate their commitment to the transaction.
This amount is held in an escrow account until the offer is either accepted by the seller or the buyer withdraws the offer. If the seller does not accept the offer, the terms of the escrow agreement usually state that the deposit should be returned to the buyer.
However, the specific outcomes can depend on the exact terms of the offer and any contingencies that may be in place. It is important for buyers to understand the terms of the offer and the conditions under which their deposit would be forfeited or refunded.