Auction.com listing

[Matthew Peterson]

I have three cash offers out now on REO and am waiting for 1 auction to hopefully come live pretty soon. There is an auction currently on auction.com though that I'd like to get some input on. My wife is wanting my agent to bid up to X amount on it. The property address is 4309 Springmill Court, Marietta GA. A few questions for those with experience with auction.com.

1) I know some have mentioned a reserve amount on these, but how much higher % wise generally is the reserve above the starting auction price?

2) Are all auctions cash only deals?

I would think on these higher end homes they wouldn't get bid up extremely high since not a lot of owner occupant buyers have $300-500K cash laying around.