Can it be binding? Yes. Is it binding in your case? Maybe, maybe not. A lot goes into the analysis of whether or not a valid contract was formed. Generally speaking, a valid contract requires an offer, acceptance, and the terms spelled out in sufficient detail. Even if there is a valid contract, you may have other options available to you if you can no longer sell the property, etc.
I recommend sitting down with an attorney for a full consultation to advise you of the law in your particular circumstance.
Best of luck.
Answered on Jun 16th, 2021 at 7:11 AM