In the case of condemnation, what action is taken if a price cannot be agreed upon?

In the context of condemnation, which typically refers to the government's power of eminent domain to acquire private property for public use, if the parties cannot agree on a price for the property, the next step is for the government to file a condemnation lawsuit. This legal action initiates the judicial process to determine the fair market value of the property. The court examines evidence, including appraisals and testimonies, to reach a decision regarding compensation for the property owner.

The filing of a lawsuit is an essential step because it not only allows for a judicial determination of the property's value but also ensures that the property owner receives just compensation, as mandated by the Fifth Amendment of the U.S. Constitution. This process emphasizes the legal framework governing eminent domain, which is not simply resolved through informal negotiations or mediation when an agreement on price cannot be reached.

The other options such as dropping the case, entering mediation, or leaving the property unvalued do not align with the established legal procedures of condemnation. These alternatives would not fulfill the requirements set forth by the law regarding fair compensation and the government's responsibility in the condemnation process.