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

The main difference between a voluntary sale and a forced sale is the extent of control that each party has over the sale. A voluntary sale is one in which the parties involved have negotiated an agreement and have come to a mutual agreement on the terms of the sale and the sale price. The parties in a voluntary sale are in complete control of the sale and are free to come to whatever agreement meets their needs. A forced sale, on the other hand, is one where no agreement has been made between the parties and control of the sale is taken away from them. In this case, control of the sale is given to a third-party such as a government. This third-party has the power to dictate the terms of the sale, the sale price, and other details and can compel the parties to accept the terms they present. The power of eminent domain enables governments to force the sale of private property in order to create space for public works projects. In California, the law of eminent domain enables the state to force the sale of private property under certain conditions. These conditions include public use of the property, the property having been abandoned, or circumstances when it is necessary to clear a particular area of private ownership. In these cases, the owners of the property will be compensated for their losses, though the amount of compensation may be lower than what the owner might have expected in a voluntary sale.

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

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