How would a teleport spell be different than fast travel?
Short-range spells like the one I showed are for combat. And Mark/Recall style are more versatile than fast-travel because they can teleport you to interiors as well, and you can mark any place you want.
And a multiple Mark/Recall spell (in the works, I hope...at least I've requested it to a modder) would be even more versatile. It'd turn ANY home into a portable one, being able to mark your home's favourite room, then the spot you currently are, and teleport to your house in order to sleep and store your stuff, knowing that by the morning you just can teleport back to where you were. You could also do teleport loops, have a collection of interesting places, use it for emergencies if you can't carry enough loot...the possibilities are endless.