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In this video tutorial, Eric Hutchinson, principal broker of Hutchinson Realty, discusses the closing date modification addendum, part of the "Negotiating Your Next Home" series. He emphasizes the importance of preparing both the buyer and seller for the desired closing date during negotiations. Once under contract and after the home inspection, if either party needs to change the closing date, they must complete a mutual agreement document. Hutchinson urges buyers to strive to meet the original closing target whenever possible, highlighting that effective communication and planning can help ensure a smooth transaction.