Most people assume domain name transfers require a lot of work. Well, sort of – it comes with the package of dealing your name ownership to others. However, it can be hassle-free if you just know how to run things properly.

First, make sure you have legal ownership of your domain name. Owners occasionally overlook this matter since they employ web designers or other experts to do the registration and other work. And when these employees exit the building, and you can’t find them afterward to help you out with your domain issues – then your business might have a huge problem.

You’ll be in big trouble without legal ownership of your domain name since there will be difficulties in handling problems with hosting, accessing your website files, renewing a domain name, and managing email accounts.

If you didn’t check what’s going on with the process while your domain was being created, chances are, the legal ownership of your domain might not be registered to your name. That can prove to be highly problematic in the future, especially when you invest in SEO links and social media promotion only to end up not actually owning your online business. So, before anything else, double check on this matter right from the very start.

In addition to this, it will be very difficult to personally transfer domain name ownership to someone else if you put your business up for sale. This might seriously diminish the value of your business. Or worse, it can even completely foil a sale.

The Transfer

Basically, domain names can be transferred with ease. First, the buyer can simply open a free account with known registrars with domains registered such as Go Daddy and a few more known companies.

Meanwhile, the seller can push the domain just by simply logging into his account. The rest goes on smoothly by just following the instructions provided on the screen.

Soon after, a code is sent to the seller’s email address which then he forwards to the buyer. The buyer can now log in at the registrar's site and gives the code. The registrar then allows the domain to be transferred into his account. Now, the buyer has full control – it’s that easy.

Also, the buyer could choose what registrar he/she prefers. In this case, the process will be identical, however, it could take a few days to get it done instead of just a few hours.

Key Points to Remember

Apparently, a transfer is needed when registration of a domain name is being transferred from the present owner to another. On the other hand, it is not so clear that a transfer can likewise become essential when the present owner in some ways change its status. For instance, when moving the domain name from an individual to a business registration.

For instance, the domain name should be transferred to the recently-incorporated company if a domain name is registered by a partnership – and that partnership becomes a registered company afterward.

Generally, domain name transfers between seller and buyer involve money for payment. One of the most important things to consider is the payment coordination for the domain name transfer deal. For the buyer, it will need assurance that it will seize control of the domain name right after the payment has been completed. Likewise, the seller needs a guarantee for the payment as well.

The best way to make this deal happen, making both sides secure and confident, is for both parties to get into a simple transfer contract which is legally backed up by a trusted third party.