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In this video tutorial, Eric Hutchinson, principal broker and owner of Hutchinson Realty, discusses the Closing Date Modification Addendum, part of the "Negotiating Your Next Home" series. Following successful negotiations and inspections, circumstances may arise that necessitate a change in the closing date for both buyers and sellers. Hutchinson emphasizes the importance of preparing both parties for the desired closing timeline and highlights the necessity of using the appropriate documentation to agree on the new closing date. He encourages viewers to strive to meet the original closing target if possible, maintaining clear communication throughout the process.