Larry is a new colleague working alongside you in the office. He has been passed a client file that contains a note. The note tells Larry to proceed carefully with the purchase of the named property within. The reason for this is that the property is not yet built and there are no express plans for the property, simply an artis s drawing and the developer is asking for a deposit to be paid which is 60% of the purchase price. Explain to Larry why this matter should be carefully undertaken and how such a matter could be described.