Typically in a real estate transaction, the seller chooses the Title Company they wish to use to close the transaction and pay for the owner's title insurance policy. The buyer is always free to name the title company but usually is asked, then, to pay for their own title insurance policy.

There is no "standard" fee schedule for title companies so, as a buyer, you need to make sure you know what the title fees will be in advance when writing a contract to purchase a home. Make sure your buyer's agent gets a firm fee schedule from the title company before you sign the offer. In this way, you will know what your costs will be BEFORE you get the preliminary HUD.
I have recently had similar cash transactions - one for a $175,000 house and one for a $58,000 house. Both were bank-owned properties. The first title company wanted to charge $375 to each party. I questioned the charge and they lowered it for both parties. With the second transaction, they wanted to charge $600 to the buyer and $750 to the seller - plus an additional charge to the seller of $180 to search for any liens! I questioned the charges and was able to get them to lower the buyer charge by $150. I still found $450 to be outrageous for closing a cash transaction.
So, beware of closing fees and make sure you understand the costs in advance and ask your buyer's agent to negotiate the costs for you if you find them too high.