What is one item that a buyer typically pays at closing?

A typical expense that a buyer incurs at closing is title insurance. This policy protects the buyer (and the lender, if applicable) from potential issues that could arise with the title of the property after the purchase. Title insurance safeguards against various claims, such as liens, encumbrances, or disputes over ownership that may have existed prior to the buyer's acquisition. This type of insurance is essential in ensuring the buyer has clear and undisputed ownership of the property.

While broker commissions are usually paid by the seller and tax assessment fees may or may not be directly the buyer's responsibility, deed registration fees often depend on the jurisdiction and specific real estate transaction. However, title insurance is commonly seen as a critical closing cost for the buyer, making it a key item associated with the closing process.