The answer to your question is, it all depends. If you enter into an agreement that is an actual contract with appropriate consideration and all issues addressed therein, it would usually be binding. But, you may want to review everything with an attorney first to ensure all of your questions are answered and that your concerns are appropriately addressed in that contract. It also depends on which way they say the property line is off. Is it to your benefit or theirs?
In my opinion you probably should get with an attorney.
Answered on Aug 16th, 2017 at 8:00 AM