In order for a contract to be legally binding, there must be a "meeting of the minds. An acceptance to an offer must be made while the offer is still open.Upon the making of a decision to sell the Property, the highest bidder shall execute a contract, a copy of which is included in the bid package. Our agent said that it doesn't matter if a binder is in place, because other offers can still be made and accepted during this time. What happens after you make an offer on a home and the seller accepts? Here are 10 Steps towards the closing table when buying a home!