The American housing market is wild right now. Just how wild is difficult to explain if you haven’t recently attempted to buy or sell a house.

I have — my family has a long-planned move coming up soon. When we bought our home in 2014, the previous owners had been trying to sell it for multiple years. Ours was the only offer, and we ended up 15 percent below the asking price.

This sale will be very different. Our real estate agent says our house will likely be listed on a Wednesday, build hype on Thursday, host dozens if not hundreds of potential buyers in a two-day open house on Friday and Saturday, receive 20 or more offers (mostly above asking price) on Saturday and Sunday, and go under contract by Monday. We might get cash offers. Buyers might bid without ever seeing our home in person. They might offer to buy it without an inspection. If we’d wanted a rent-back agreement — in which we could keep living in the house at little…

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