Bidding war (Mobile Home Park)

[Andriy Boychuk]

Here you go. The bidding war. The original offer for a park was 3.2mm. Other company offered 3.25. We offered more. Back and forth, back and forth. Now we are up to 4mm. I know it sounds crazy but it looks like other company trying to put the property under contract and renegotiate down the road. The realistic price for the park is 3.5mm.

My question is: what will you do in this situation?

Option A: just win "the war" by offering the higher amount and renegotiate later
Option B: just tell them the final offer and let them decide. 
Option C: any other thoughts?