Learn how to update a property’s status to Under Offer and enter key sale details to keep your reporting accurate.

This article covers:

• About the under offer process
• Set a property as under offer
• Attach purchaser and solicitors

About the under offer process

When a property is under offer or conditional, you need to update its status and enter sale details in MRI Vault. This ensures your sales data and reports remain accurate.

Set a property as under offer

1. Go to: The property profile
2. Click Under Offer
   
3. Enter sale details in the new window:

• Portal Visibility - Select whether the property appears as Under Offer or still available on portals
• Sold Type - Select from options like Auction, Post Auction, Private Treaty, or Tender for reporting
• Sale Price - To hide the price on portals, tick Suppress Sale Price from Portal (where supported)
• Gross Commission - Automatically calculated from the agreed selling fee. Choose GST-inclusive or exclusive
• Deductions - Add deductions. If none are specified, you can set up deductions
• Commission Splits - Assign splits for agents and conjunction offices. Use the + symbol to add participants. Split types include: Lister, Seller, Lister + Seller, Conj Office

4. Click Set As Under Offer

The property status will be updated to Conditional

Attach purchaser and solicitors

Attach purchaser

1. Go to the Purchasers tab
2. Add a new or existing contact as the purchaser
   
3. Enter or update their details
4. Click Save/Update

Attach solicitors

1. Go to: The Financials tab > Solicitors
2. Add vendor and purchaser solicitors (new or existing)