Godaddy transfer domain ownership

I'm about to sell my domain and tranfer ownership on godaddy.com For anyone who have done this before, how long does it usually take when you send in the Transfer of Ownership document to godaddy address and they process the new ownership info?

Another simple question.
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On #11 when it says:

Quote: 11. You must have the TRANSFER OF OWNERSHIP agreement Notarized, signed by the current registrant, include a copy of a photo id and mail that to us at the address listed below. The current registrant of the domain name being transferred must complete this paperwork, sign it and send in their photo id.

Go Daddy Software
Domain Services
14455 North Hayden Road
Suite 219
Scottsdale, AZ 85260

Once we receive the Transfer of Ownership Agreement then the actual transfer will take about 2 days when we receive the agreement. Go Daddy will remain as the current registrar of the domain name for the new owner.

When I include the photo id and sig. Is it me (current registrant) or the new owner (being the new current registrant)?

I hope I don't sound too stupid and I don't to screw up. Thanks!