Preserving Homes for Residents
Bank loans require homebuyers to pay 20% of their property’s purchase price to avoid the extra expense of private mortgage insurance. With the average cost of a basic condo exceeding $1,000,000, coming up with $200,000 for a down payment is almost impossible.
Modeled after Vail’s successful InDEED program, Big Sky Community Housing Trust introduces GOOD DEEDS, a program designed to preserve existing inventory for locals serving the community.
Homeowners, buyers, or sellers who participate in GOOD DEEDS receive CASH in exchange for placing a permanent deed restriction on their property.