What is the difference between a voluntary sale and a forced sale?

The difference between a voluntary sale and a forced sale comes down to whether the property owner agrees to the sale. A voluntary sale is one in which the owner of the property willingly agrees to the sale. This means they are willing to accept the terms of the sale, which may include the sale price, conditions, and any other conditions requested by the buyer. In contrast, a forced sale is one in which the owner does not agree to the sale. This type of sale is commonly known as “eminent domain” and it is regulated by state law, including in Alaska. Under Alaska’s eminent domain law, when the government wants to acquire a piece of property, they must negotiate with the owner and if the parties cannot agree on a sale price, the government may proceed with a forced sale. In this situation, the government can take the property by paying the owner fair market value for it. In summary, the main difference between a voluntary sale and a forced sale is that the property owner must agree to the sale in a voluntary sale, whereas the owner does not need to agree to the sale in a forced sale.

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What is the difference between a voluntary sale and a forced sale?

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