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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 comes into play after you have negotiated with the seller and are under contract, typically post-home inspection. If there is a need to change the closing date, both parties must agree on a document to formalize the change. Hutchinson emphasizes the importance of buyers preparing both themselves and the seller in advance regarding the intended closing timeline to meet their target closing date.