The seller's fees in Erie County are still the same unless you get a Quit-Claim Deed which is not wise.
Fees not applicable and not required are 2 different things. A buyer should still get an appraisal to ensure that the property is worth what they agree to pay. Title Insurance is not required but is still wise. Updating the Title Search is not required in a private sale but a buyer would be very foolish to close on a property without an updated Title Search and the same applies with a new survey. I currently have a deal going down the drain right now where the seller "Thought" he bought extra land from a neighbor and built a garage on it. The transaction was not handled by an attorney and now in trying to close, we find that the original owner (2 back) still owns the extra land with the current seller's garage on it.
Brown's attorney, who should know best, will advise as to the best approach given the price of the pproperty, the condition of the Title and the other factors that we have to deal with in our area.
Too often in this business we see buyers/sellers try and go it alone in an effort to save money only to create problems in the future like Joe's story confirms. The best way to protect your interests is to be working with a professional that can guide you through the process like working with a Buyer Broker or if in your instance you are already in the middle of a transaction your Real Estate attorney.
In a normal purchase with owner financing you both save some fees but, unless you have problems obtaining a mortgage through traditional means, you may be better off getting a mortgage through a bank unless you are getting some fantastic interest rate. It sounds as though this may be a "For Sale By Owner" so if it is, make sure you have a real estate attorney involved in all aspects and get title insurance AND an appraisal. Neither of these are required for owner financing but I would recommend it to protect your best interests. Just my opinions with out all the facts.
MJ Peterson Real Estate
What you will save are the various bank fees, appraisal costs, and bank attorney fees. If they want you to pay the real property transfer tax that the seller normally pays, that would be for you to decide. The most important thing is, is this person giving you a good deal on this? If you cannot obtain a loan some other way, it may be something you want to do. If you can qualify, then you would want to make sure that his offer is competitive.