As someone who just sold my house, I rejected plenty of lowbidders.
Forgive me, but dealing with lowbidders is pointless.
There is always someone who likes this house.
So why would they accept $390,000 on $450,000 house, instead wait
few month and slowly lower asking price, allowing everyone bid
below new asking price.
Using your case: let's say my asking price is $450,000...
Sellers price target: $430,000
Lowballer A bids: $410 I countered at $432. Just slightly above my target.
A calls his agent writes new offer @ 412.
Now his agent has to contact my agent, my agent sets time to present offer.
New offer presented at $412,000. I feel like buyer wasted too much of my
time, seller agent, and a buyer agent time.
At that point we reject offer w/o comment.
Just my experience, unless you must sell house immediately, reject all low
w/o comment. Don't waste time countering. Plus they likely to try to reneg