Making the decision to invest in property should not be taken lightly; however, there are many lucrative reasons to consider purchasing real estate auction properties. Serving the Covington, VA, area for more than 60 years, the family-owned Greenways Real Estate & Auction will help you navigate the real estate investment process. 

Here, these local real estate agents share three advantages of investment properties:

• Investment Returns: A major benefit of investing in real estate property is the return from rising property values. Essentially, if you purchase property in a nice or up-and-coming location, the value of the property will increase—as will your profit. Another place to search for these properties is at a real estate auction, especially if you’re looking to buy at a low price with an increasing return. 
• Stability: Unlike the stock market, the real estate market is a more stable place to invest your money. Although the rate of return is not as high, there’s also less of a risk factor with property investment because the income flow is more predictable than other businesses.
• Reliable Income: Another advantage of investment properties is receiving a steady stream of income. Controlling how much you charge for rent means you can ensure the rental payments cover the mortgage, as well as offset maintenance costs and expenses for the property. More importantly, the reliable income can leave you with the extra time and money to invest in more real estate.

If you’re located in the Covington area and are looking to invest in real estate property or sell at a real estate auction, contact Greenways Real Estate & Auction. Their experienced real estate agents will help you through every step of the process. Visit them online for more information about their real estate services, or call (540) 962-1155 to speak with an agent today.