Domain name transfer

A domain name transfer is the process of changing the designated registrar of a domain name. ICANN has defined a Policy on Transfer of Registrations between Registrars The usual process of a domain name transfer is:
The end user verifies that the whois admin contact info is correct, particularly the email address; obtains the authentication code (EPP transfer code) from the old registrar, and removes any domain lock that has been placed on the registration. If the whois information had been out of date and is now updated, the end-user should wait 12–24 hours before proceeding further, to allow time for the updated data to propagate.

The end user contacts the new registrar with the wish to transfer the domain name to their service, and supplies the authentication code.
The gaining Registrar must obtain express authorization from either the Registered Name Holder or the Administrative Contact. A transfer may only proceed if confirmation of the transfer is received by the gaining Registrar from one of these contacts. The authorization must be made via a valid Standardized Form of Authorization, which may be sent e.g. by e-mail to the e-mail addresses listed in the WHOIS. The Registered Name Holder or the Administrative Contact must confirm the transfer. The new registrar starts electronically the transfer of the domain with the help of the authentication code (auth code).

The old registrar will contact the end user to confirm the authenticity of this request. The end user may have to take further action with the old registrar, such as returning to the online management tools, to re-iterate their desire to proceed, in order to expedite the transfer.
The old registrar will release authority to the new registrar.
The new registrar will notify the end user of transfer completion. The new registrar may have automatically copied over the domain server information, and everything on the website will continue to work as before. Otherwise, the domain server information will need to be updated with the new registrar.
After this process, the new registrar is the domain name's designated registrar. The process may take about five days. In some cases, the old registrar may intentionally delay the transfer as long as allowable. After transfer, the domain cannot be transferred again for 60 days, except back to the previous registrar.

It is unwise to attempt to transfer a domain immediately before it expires. In some cases, a transfer can take up to 14 days, meaning that the transfer may not complete before the registration expires. This could result in loss of the domain name registration and failure of the transfer. To avoid this, end users should either transfer well before the expiration date, or renew the registration before attempting the transfer.
If a domain registration expires, irrespective of the reason, it can be difficult, expensive, or impossible for the original owner to get it back. After the expiration date, the domain status often passes through several management phases, often for a period of months; usually it does not simply become generally available.