What is the process for transferring ownership of a property from one person to another?

The process for transferring ownership of a property from one person to another typically involves several steps.

1. Agreement: The current owner of the property (seller) and the potential new owner (buyer) must first come to an agreement on the terms of the sale, including the purchase price, payment terms, and any contingencies. This agreement can be in the form of a purchase agreement or contract.
2. Title search: The buyer or their attorney will conduct a title search to ensure that the seller has clear title to the property and there are no liens or other encumbrances that would prevent the sale.
3. Closing: Once the agreement has been reached and the title search is completed, the parties will attend a closing or settlement. At the closing, the buyer will typically provide payment to the seller, and the seller will transfer ownership of the property by signing a deed.
4. Recordation: After the closing has taken place, the deed must be recorded in the relevant local land records office to make the transfer of ownership official.

Potential limitations or exceptions to this process may include situations where the property is subject to certain legal restrictions, such as a lien or easement, or if the seller is not legally competent to transfer ownership. In such cases, it may be necessary to seek legal advice or assistance.

It is important to note that the specific requirements for transferring ownership of a property may vary depending on the jurisdiction in which the property is located. Therefore, it is advisable to consult with a local attorney familiar with the relevant laws and procedures.