transfer Domain godaddy to microsoft 365

I just went through this particular issue with a client. New ownership took hold of the company and requested I migrated everything from the old owner's GoDaddy account to their Microsoft Admin portal (which contains 3 other companies). GoDaddy actually packaged up all the emails/data and put it "out to sea". They emailed me with a new password for the admin account, and I had to purchase the licenses. GoDaddy gives a 7 day grace period for that. All data was there. This saved me a ton of time. I did manual backups of the data to be safe, but did not need to migrate the data manually. I would recommend doing the same with GoDaddy.

The next step is to move the domain from GoDaddy over to Microsoft. If anyone has experience with that, please let me know. My concern is the domain being snatched up on the off chance something goes wrong.