May this help you all to understand:

41 offers, seven of which were more than $100,000 over asking, for a 2-bedroom 1923 house, and the agent expects bids over $700k. They're taking counters for those seven contenders, with no contingencies. None. Ha hahhhhahh ha ha. HA HAHHHHHHHH Ha ha ha ha haaaaaaaah ha. Go ahead laugh. Or you'll cry. I'm just a little bit numb.