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In this video tutorial, Eric Hutchinson, principal broker and owner of Hutchinson Realty, discusses the closing date modification addendum as part of his "Negotiating Your Next Home" series. He emphasizes the importance of being prepared for the closing date during negotiations with the seller. If a change in the closing date is necessary after reaching an agreement and completing the home inspection, both parties must use a formal document to modify the date. Hutchinson advises buyers to communicate their preferred closing timeline effectively to ensure a smooth transaction and to strive for meeting the original target date whenever possible.