Mevi is a platform that uses form-driven workflows to manage real estate deals. The status of a deal is crucial as it helps agents and clients to keep track of what is currently happening in the deal. In this article, we will explain the different types of deal statuses in Mevi and provide a quick guide on how to change the status to under contract.

Types of Deal Statuses

Mevi offers the following deal statuses:

1. New: This status means that a deal has just been created, and no forms have been shared with clients or agents.

2. Shared: When a form has been shared with clients or team members on the same side of the deal, the status changes to Shared.

3. Active: The Active status indicates that a form has been shared with the other side of the deal.

4. Under Contract: The Under Contract status means that the contract to buy and sell form or counterproposal form has been executed by both the buyer and the seller.

5. Closed: The Closed status indicates that a deal has reached its closing deadline or has been manually closed by the agent.

6. Terminated: This status means that the deal has been terminated by either the buying or selling team.

7. Archived: When the creator of the deal archives the deal, the status changes to Archived.

How to Change the Status to Under Contract

To change the status to Under Contract, follow these steps:

1. With No Counter: If you have no counter, upload a Contract to Buy and Sell and mark it as executed.

2. With a Counter: If you have a counter and a Contract to Buy and Sell on a deal, upload the Contract to Buy and Sell and mark it as "locked." Then, upload the counter and mark it as "executed."

In summary, Mevi offers several deal statuses that indicate the current state of a deal. The Under Contract status indicates that the contract to buy and sell form or counterproposal form has been executed by both the buyer and seller. By following the steps outlined in this guide, you can change the status of your deal to Under Contract in Mevi.