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In this video tutorial, Eric Hutchinson, principal broker and owner of Hutchinson Realty, discusses the Closing Date Modification Addendum in the context of negotiating a home purchase. He emphasizes the importance of having already negotiated with the seller and being under contract, typically after completing a home inspection. If either the buyer or seller needs to change the closing date, they must use a document that both parties agree upon. Hutchinson advises that, ideally, buyers should prepare themselves and the seller for the desired closing timeline to ensure they can meet that target. He encourages viewers to watch other videos in the negotiating series for more insights.