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In this tutorial, Eric Hutchinson, principal broker of Hutchinson Realty, discusses the closing date modification addendum in the context of real estate negotiations. He emphasizes the importance of preparing both the buyer and seller for the desired closing date during the negotiation process. Once under contract and after the home inspection, if either party needs to change the closing date, they must utilize an agreed-upon document to formalize the modification. Hutchinson stresses the significance of aiming to meet the originally negotiated closing date whenever possible, highlighting its impact on the transaction.
