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Wisconsin's home sales market is red hot. Buyers scramble to outbid each other, offer $20,000 over asking price, scrap inspections


Wisconsin s home sales market is red hot. Buyers scramble to outbid each other, offer $20,000 over asking price, scrap inspections
Sarah Hauer, Milwaukee Journal Sentinel
© Mike De Sisti / Milwaukee Journal Sentinel
Alexa and Jeff Schmitz recently sold a house on the western edge of Milwaukee and then bought a forever home here in Caledonia. Jeff works with mortgages for a bank. The house they sold went for about $20,000 over asking with about two dozen offers. Jeff bought the three-bedroom house as a bachelor in 2012 for $115,000. He made modest updates like upgrading the fence and replacing the water heater, air conditioning. It sold for $190,000 earlier this year. They bought a new construction in Caledonia with five bedrooms and 2 1/2 bathrooms for $359,000. ....

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