Good Deeds Application

Email(Required)

Phone(Required)

What is the current value of the property you want to deed restrict? (If this is a purchase, what is the contract or list price? If you own the home, estimate the property's value.)(Required)

All Good Deeds transactions require an independent property valuation, at applicant’s expense, prior to the final agreement. For purchase transactions, buyers may use the appraisal required for the title closing. For in-place offers, owners can use any appraisal less than six months old. Current property owners may apply for Good Deeds without an appraisal, but BSCHT will require one prior to making a final offer.

Please enter a number from 1 to 2000000.

If you have an appraisal for the property that is less than six months old, please upload the appraisal.

All Good Deeds transactions require an independent property valuation, at applicant’s expense, prior to the final agreement. For purchase transactions, buyers may use the appraisal required for the title closing. For in-place offers, owners can use any appraisal less than six months old. Current property owners may apply for Good Deeds without an appraisal, but BSCHT will require one prior to making a final offer.

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Max. file size: 100 MB.

What price are you offering BSCHT for the sale of a Good Deeds restriction?(Required)

BSCHT purchases deed restrictions from property owners for 10%-16% of the property’s appraised value. The program currently prioritizes Big Sky residents applying to deed restrict a new purchase, though it does fund in-place property owners as well. Deed restriction offers for property purchases average 15%-16%, while offers for in-place properties average 10%-12.5% of the property’s value.

Please enter a number from 1 to 450000.

How many occupants will live in the home?(Required)

Property Type(Required)

Number of bedrooms(Required)

Please enter a number from 1 to 5.

Number of bathrooms(Required)

Please enter a number from 1 to 5.

Is this a purchase or do you already own the property?(Required)

If this is a purchase, are you under contract?(Required)

If you are purchasing a property, what is your estimated closing date?

If this is a purchase, how much money do you have for a down payment?

If this is a purchase, are you a preapproved buyer?(Required)

If this is a purchase, please upload your preapproval letter from your lender.

BSCHT will not consider Good Deeds applications on a purchase without a preapproval letter. Please obtain this from your lender before applying for the program.

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Max. file size: 100 MB.

If this is a purchase, please upload your buy-sell agreement.

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Max. file size: 100 MB.

If this is NOT a purchase, please upload your property's warranty deed.

BSCHT will not consider Good Deeds applications on an owner's existing property without proof of ownership. You can download a copy of your warranty deed from the Gallatin or Madison County Clerk-Recorder's office.

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Max. file size: 100 MB.

If you own this property, do you have a lien against it?(Required)

If you own this property and have a lien, please upload your property's deed of trust or mortgage deed.

BSCHT will not consider applications on an owner's existing property without knowledge of existing liens.

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Max. file size: 100 MB.

Which HOA presides over this property?(Required)

Please describe any new or pending HOA assessments.(Required)

Please upload a valid form of photo identification for the applicant.(Required)

Valid identification includes one of the following: driver's license, state-issued identification, passport, or military identification.

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Max. file size: 100 MB.

Will you occupy the property or rent it?(Required)

Short-term rentals are not allowed on any portion of the property including spare bedrooms or accessory dwelling units. As per the deed restriction, "Owners shall not rent the Property to any person or persons for a term shorter than 30 days."

Please upload the last three years of tax returns for the occupant who will meet the deed restriction's annual work requirement. The occupant meeting the work requirement can be an owner or a tenant.(Required)

Please note the TWO parts of the work requirement: (1) must work an average of 30 hours per week for a business physically located in Big Sky, AND (2) must earn at least 75% of his or her income from a business located in the Big Sky Resort Area District.

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Max. file size: 100 MB.

Please explain if you are unable to upload three years of tax returns for the occupant meeting the deed restriction's work requirements.

One occupant must provide BSCHT with tax returns on an annual basis as proof that the property still meets the requirements of the deed restriction. If this occupant is a tenant, BSCHT recommends making the tax return part of your lease agreement.

Please upload pay stubs, 1099s, or similar for the occupant who will meet the deed restriction's annual work requirement. The occupant meeting the work requirement can be an owner or a tenant.(Required)

Please note the TWO parts of the work requirement: (1) must work an average of 30 hours per week for a business physically located in Big Sky, AND (2) must earn at least 75% of his or her income from a business located in the Big Sky Resort Area District.

Drop files here or

Max. file size: 100 MB.

Please state the name of the occupant who will meet the deed restriction's annual work requirements. This person can be yourself, a different owner, or a long-term tenant.(Required)

Please describe the work experience in Big Sky for the occupant who will meet the deed restrictions' annual work requirement. If it is an unknown tenant, please describe your personal work experience in Big Sky.(Required)

Is there any other information about the property or your circumstances that you want to share?

Please type your name and "I agree" in the space below.(Required)

Phone

This field is for validation purposes and should be left unchanged.

GOOD DEEDS

Big Sky Community Housing Trust

Housing

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