Comp sales

INSTRUCTION NO. _____

    Witnesses who have expressed opinions of fair market value have testified as to the prices and terms and circumstances of sales of properties which they consider as shedding light on the value of defendant's property. Generally, the more similar one property is to another, the closer the value of the one may be expected to approach the value of the other. Thus, in weighing the opinion of a witness as to the value of the subject property based on his reliance on sales you should consider whether said sales were freely made in good faith; how much should the sale price on terms be discounted to reflect its equivalent in cash; how near November 14, 1989, the date of valuation is to the date of the sale; how the size of the other property compares to the size of defendant's property; how similar are their physical features, and the uses to which they are or may be put; how far away the other property is; and how similar are the neighborhoods in which the properties being compared are located.