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City Council vote will likely change buying, selling patterns

Alysia Dewar

I am a licensed Realtor with Rooftop Realty in Henderson, NV and I help people fall in love with Southern Nevada...

I am a licensed Realtor with Rooftop Realty in Henderson, NV and I help people fall in love with Southern Nevada...

Aug 7 3 minutes read

City Council vote will likely change buying, selling patterns

 Published July 20, 2019

Property owners, and those thinking of buying a home in the city of Henderson in the near future, will want to keep a close eye on that market over the next few months after a Tuesday vote by the Henderson City Council.

July 16, the Council unanimously approved expanding the operation of short-term property rentals (STR) into residential areas beginning Oct. 14.

One Council member suggested the regulations to which operators will be subjected and a stepped-up enforcement against illegal units, is likely to reduce the number of STRs. Operators will be assessed an annual $820 registration fee and must attend short-term-rental-management class, must stipulate the use does not violate HOA rules and must purchase insurance covering the use on that property. Guests will be required to book a minimum two-night stay.


To enforce the new ordinance, Henderson city officials will contract with an outside company to check STR rental websites periodically for violators. A complaint hotline also will be established that will contact a property representative within 45 minutes of a complaint, which then must be resolved within two hours.


So will this vote result in an increased investment opportunity? Will those who have been operating a STR illegally — and who do not want to meet the new regulations — sell their homes rather than risk being caught? Will buyers concerned about living next to an STR instead look to the unincorporated areas of Clark County where STRs are still forbidden?


All of these scenarios will have impacts on the housing market over the next six months to a year. So, if you are thinking of buying or selling property in the city of Henderson, speak with real estate professional about how this might impact you. There will be opportunities, but there also will be risks.

If you aren’t currently working with an agent, Alysia will be happy to research your particular situation and talk with you about some of the consequences there might be for you.

Give her a call at (702) 930-8690.

About the author: Tim Dewar is Alysia's husband and a longtime newspaper reporter editor. He is a communications and social media professional who writes about the local real estate market and Las Vegas lifestyle pieces for Alysia's website, www.yourhomeinNevada.com.


 The July 16 vote by the Henderson City Council will likely impact sales in the city, but exactly how remains to be seen.










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