Reduce can mean to make something smaller or less in size, amount, or degree. It can also mean to lessen or diminish something.
In the context of property research, reduce can be used to describe a number of different things, such as:
- The price of a property: A property's price can be reduced if the market is slow or if the seller is motivated to sell.
- The amount of interest paid on a mortgage: The amount of interest paid on a mortgage can be reduced by making larger payments or by refinancing the loan.
- The risk of investment: The risk of an investment can be reduced by diversifying the portfolio or by investing in low-risk assets.
Here are some examples of how reduce can be used in Australian English in the context of property research:
- The seller has reduced the price of the property by $100,000.
- The borrower can reduce their monthly mortgage payments by making a larger principal payment each month.
- The investor can reduce their risk by investing in a diversified portfolio of assets.
Reduce is an important word to know in the context of property research. By understanding how to use it, you can better understand the different factors that can affect the value of a property and the risk of an investment.