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We've just sold a house, and we told the agent that we wouldnt accept any offers below $***K and not to even bother telling us, because we were getting lots of low ball offers. My understanding from him is that he was obliged to let us know about every offer regardless... which he did, even when...

I have never signed an offer when its been declined........ mostly done either verbally or via email.

In the end, it is the sellers decision whether they accept an offer which is lower than their asking price. But you are under no obligation to "cover their liabilities" or offer anymore. I would let the agent know that you intend moving on and looking at other properties unless your offer...