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In Video 18 of the "Negotiating Your Next Home" series, Eric Hutchinson, principal broker and owner of Hutchinson Realty, discusses the Closing Date Modification Addendum. This document is necessary after negotiating the purchase of a home and entering into a contract, especially if the closing date needs to be changed due to circumstances affecting either the buyer or seller. Hutchinson emphasizes the importance of planning ahead and setting a target closing date to minimize complications. He encourages viewers to watch previous videos in the series for a comprehensive understanding of home negotiation topics.