Proof of funds: too much money??

[Mitra Samon]

Hi BP forum, 

Getting ready to make an offer on a residential property and seller wants proof of funds. I have 35% saved up for downpayment/closing, etc. Are there any downsides to showing the seller that I have this amount of money sitting in a bank account, when it comes to my negotiating power?.... An identical property sold for much less than list price 2 mo back, so I'm hoping to negotiate down to at least close to that. Any insight is appreciated. Thanks in advance!

[Brian Pulaski]

POF I see usually for a cash purchase. If you only have 35% of the purchase price, you wouldn't show POF you would show pre-approval/pre-qualification from your lender. Unless I am missing something.