Which of these is NOT commonly a buyer's expense at closing?

The correct choice identifies the deed preparation as not typically being a buyer's expense at closing. In real estate transactions, deed preparation is generally the responsibility of the seller. This is due to the seller needing to provide a clear title and ensure that the deed is in compliance with applicable laws and properly transferred to the buyer.

On the other hand, the other expenses are commonly associated with the buyer. Reserves deposited with the lender, such as for property taxes or homeowner's insurance premiums, are standard practice to ensure that the lender has funds available to cover these costs after the closing. Homeowner's insurance is essential for protecting the buyer’s investment in the property, so it is considered a necessary cost borne by the buyer. Additionally, title insurance premium is also a common expense for buyers as it protects them against potential disputes regarding the property’s title.

This distinction is crucial for buyers to understand, as it helps them budget for their closing costs accurately and anticipate what expenses they will be responsible for in the transaction.