Property Investor Shanaka Ubeysekara’s Tips for Buying Your Dream Home

By Joshua Finley

Shanaka Ubeysekara, a seasoned property investor and developer, has made it his mission to level the playing field for home buyers. With a background spanning over a decade in property investment and development, Shanaka brings a wealth of expertise to his role as the founder of Empire Wealth Buyer’s Advocates, who are dedicated to empowering property buyers. His passion for real estate led him to transition from a successful career in corporate finance to helping others navigate the complexities of property acquisition.

For many prospective home buyers, the journey to homeownership can be fraught with challenges. From sacrificing weekends to navigate property inspections to the stress of auctions and financial uncertainties, the process can often feel overwhelming. Shanaka aims to alleviate these burdens by offering comprehensive guidance and support to his clients.

Shanaka highlights some of the common problems faced by buyers, emphasizing the importance of trust and transparency in the real estate industry. “Buyers often feel overwhelmed by the complexities of the market,” he says. “My goal is to provide them with the knowledge and support they need to make informed decisions.”

Property Investor Shanaka Ubeysekara's Tips for Buying Your Dream Home

Photo Courtesy: Shanak Ubeysekara

Tips for Home Buyers

Drawing from his extensive experience in the field, Shanaka shared three invaluable tips for buying your dream home:

Define Your Goals

“Instead of focusing solely on where to buy, it’s crucial to clarify your objectives first,” Shanaka advises. “Understanding your goals sets the foundation for a successful property search. Whether it’s investing for long-term returns or finding a dream home for your family, clarity is key.” Whether it’s maximizing financial returns or fulfilling lifestyle preferences, clarity in your objectives empowers you to make informed choices that resonate with your unique aspirations.

Rely on Data, Not Hype

Shanaka advocates for a more discerning approach — one grounded in data-driven insights rather than fleeting trends. By leveraging comprehensive data and statistics, buyers can gain a deeper understanding of market dynamics, property values, and investment potential. “Data-driven decision-making is paramount,” Shanaka says. “Market trends and hearsay can lead to costly mistakes.”

Don’t Overpay

The allure of a property can often cloud judgment, leading buyers to pay more than the fair market value. “Negotiation is an art,” Shanaka says. “One of the pitfalls of property acquisition is the risk of overpaying. Through meticulous evaluation and negotiation, I aim to ensure that clients secure properties at fair prices, maximizing value while minimizing the risk of buyer’s remorse.” By conducting thorough assessments of property value and considering factors such as location, condition, and comparable sales, Shanaka ensures that his clients secure properties at fair prices.

Photo Courtesy: Shanaka Ubeysekara

Through Empire Wealth Buyer’s Advocates, Shanaka provides personalized guidance and support to busy professionals seeking to navigate the intricacies of property acquisition. By following his three tips, buyers can begin their property journey with confidence, knowing they have a trusted advisor by their side. With Shanaka’s expertise and passion for real estate, home buyers can navigate the competitive market landscape with ease, ultimately achieving their property ownership goals.

Learn more by visiting EmpireWealth.au.