With all the hoopla in the financial markets over the last few weeks many potential buyers in Manhattan Beach and the Beach Cities are adjusting their views on "how much home" to buy. Buyers, who a few weeks ago couldn't imagine buying anything less then a new 5 bedroom home, are now thinking that perhaps an older home with a lower price may make more financial sense.

People who are considering buying a home in this market are not financial idiots. They are looking at a long term commitment rather then a short term trade up. They believe that prices can be negotiated and that rates are not going to stay low over the long run. They have enough money to put down a minimum of 20% or more depending on the price range. While adjustable loans are still a favorite choice over a 30 year fixed, they want loans that are actually fixed at a specific rate for 5-10 years and will cover P+I. They are not looking for an exotic loan but rather are very conservative in they type of loan they will consider. Option arms are not a consideration.

511 Dianthus in the Manhattan Beach Hill Section offers a good choice for buyers who are deciding to follow a more conservative path. This lovely home has over 1900 sq ft, 3 bedrooms, 2 baths, large dining area, delightful family area and a great entertainment room with space to spare for the big TV and a view that doesn't stop. The serene rear garden and soothing sounds of the waterfall bring a sense of calm after a busy day. A new price makes this home worthy of consideration.... $1.269,000.

If you are not quite ready to make a formal appointment but would like to see this house why not visit me Sunday 1-4 p.m. to view this Manhattan Beach Hill section home.

Remember....Great views....nice home... good price! See you Sunday!