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.
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.
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.
The program currently prioritizes Big Sky residents applying to deed restrict a new purchase, though it does fund in-place property owners as well. BSCHT places a strong priority on properties valued under $1 million. Deed restriction offers for property purchases average 15%-16%, while offers for in-place properties average 10%-12.5% of the property’s value.
Valid identification includes one of the following: driver's license, state-issued identification, passport, or military identification.
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 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.
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.