What does title transfer involve?

Title transfer is specifically the process through which ownership rights of real property are formally passed from one entity to another. This process typically involves a legal document, such as a deed, which signifies that the new owner has acquired the title to the property. When title is transferred, various legal rights and responsibilities associated with ownership are also conveyed, which can include the right to use, lease, or sell the property in the future.

The other options do not directly pertain to the concept of title transfer. Selling property for a higher price refers to a financial transaction rather than the legal process of transferring ownership. Drafting lease agreements relates to the rental of property, which does not necessarily involve a change in ownership, and obtaining financing pertains to how an individual or business might secure funds to purchase property, rather than the act of transferring the title itself. Thus, the correct answer accurately reflects the legal and practical implications of what title transfer entails.