Giving financial info to broker

I am planning to put an offer on a house in Brooklyn. I’ve got a mortgage pre-approval letter from my bank, and I’ve given that to my realtor. As part of the offer process, the realtor has asked me to fill out a form detailing my financial situation. I’m hesitant to do this because I suspect it would hurt me in negotiations if the seller (or seller’s broker) knows how much money I have in the bank and so forth. My broker argues that I should submit this information in order for my offer to be taken seriously and to reassure the seller that the deal won’t fall through due to financing. How do other people feel about this? Does divulging my financial information truly strengthen my offer or should I keep my cards close to the vest?

By chebubble |