What are common closing costs a buyer should expect in Nova Scotia?

• A. Only the purchase price is paid at closing.
• B. Legal fees, title search, title insurance, land transfer tax, disbursements, inspection fees, appraisal, adjustments.
• C. Only money for renovations.
• D. Only property tax prepayment.

Answer: (B)

The main idea tested is that closing costs are the additional fees and adjustments you pay when finalizing a real estate purchase, not just the purchase price. In Nova Scotia, these typical closing costs include legal fees for the lawyer handling the closing, a title search to confirm clear ownership, title insurance to protect against title issues, land transfer tax payable to the province, disbursements charged by the lawyer for third‑party services, inspection fees for a home inspection, an appraisal if your lender requires it, and adjustments to settle prepaid items like property taxes or utilities between buyer and seller. These items collectively represent what you actually pay at closing beyond the purchase price. Renovations would be paid later and are not closing costs, which is why the listed set of items is the best fit for Nova Scotia closing costs.