{"id":1369,"date":"2021-06-22T18:46:00","date_gmt":"2021-06-22T18:46:00","guid":{"rendered":"https:\/\/teamhoffmann.info\/blog\/2021\/06\/wisconsins-home-sales-market-is-red-hot-buyers-scramble-to-outbid-each-other-offer-20000-over-asking-price-scrap-inspections\/"},"modified":"2026-07-15T15:10:28","modified_gmt":"2026-07-15T15:10:28","slug":"wisconsins-home-sales-market-is-red-hot-buyers-scramble-to-outbid-each-other-offer-20000-over-asking-price-scrap-inspections","status":"publish","type":"post","link":"https:\/\/teamhoffmann.info\/blog\/2021\/06\/wisconsins-home-sales-market-is-red-hot-buyers-scramble-to-outbid-each-other-offer-20000-over-asking-price-scrap-inspections\/","title":{"rendered":"Wisconsin’s home sales market is red hot. Buyers scramble to outbid each other, offer $20,000 over asking price, scrap inspections…"},"content":{"rendered":"

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Alexa and Jeff Schmitz knew the real estate market was moving fast. However, they didn’t realize just how fast until they decided to sell their three-bedroom Milwaukee house to buy a “forever home.”<\/span><\/p>\n

Their house was open for showings for a single weekend. The house was shown more than 50 times over three days. By Monday, the Schmitzes had 24 offers. “It blows my mind,” Jeff Schmitz said.<\/span><\/p>\n

Wisconsin’s housing market<\/a> is hot with prices increasing around 10% over the last year. The number of days a property is on the market has dropped. The number of offers a buyer makes before getting a home has increased. What the Schmitzes experienced isn’t unusual and it has led to a scramble on the part of buyers, sellers and agents.<\/span><\/p>\n<\/p>\n

<\/a><\/div>\n<\/p>\n

Schmitz paid roughly $115,000 for the ranch-style home with a fenced-in yard and detached garage on the western edge of Milwaukee in 2012. He didn’t put a lot of money into the house. He upgraded the fence, replaced the water heater and air conditioning.<\/span><\/p>\n

He thought maybe the property would sell for $150,000 \u2014 it’s a seller’s market, after all. They listed the home at the end of February for $169,900 with guidance from their Realtor.<\/span><\/p>\n

As the offers rolled in, would-be buyers tried to stand out. Some offered to speed the sale by waiving a home inspection or appraisal, another said they would cover up to $5,000 if the inspection showed a need for repairs. One offer was over $200,000.<\/span><\/p>\n

“I was a little in shock,” Jeff Schmitz said.<\/span><\/p>\n

The house sold for about $20,000 over asking with no home inspection and no appraisal contingency.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

  Alexa and Jeff Schmitz knew the real estate market was moving fast. However, they didn’t realize just how fast until they decided to sell their three-bedroom Milwaukee house to buy a “forever home.” Their house was open for showings for a single weekend. The house was shown more than 50 times over three days. […]<\/p>\n","protected":false},"author":1,"featured_media":1370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","entry","has-media"],"_links":{"self":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/comments?post=1369"}],"version-history":[{"count":1,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1369\/revisions"}],"predecessor-version":[{"id":1372,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/posts\/1369\/revisions\/1372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/media\/1370"}],"wp:attachment":[{"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/media?parent=1369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/categories?post=1369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teamhoffmann.info\/blog\/wp-json\/wp\/v2\/tags?post=1369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}