Piers are stabilizing posts that generally go from the footing to the bedrock on slab foundation homes. Most homes have some type of problem with foundation at some point. I bought my first home three years ago after saving 20% to avoid PMI. I was concerned with the foundation, so asked the seller to get an engineer to look at it. They found a civil engineer to write up some ambiguous "there is nothing wrong with this house" report and a year later I was paying Eden Structural around 15K to stabilize the foundation and it still isn't right. Eden told me they will come out for free and look it over before you buy it. All very good advice given so far in this thread. Try your best to pay it off as quick as you can- Sometimes a 15 yr note payment is not much more that a 30 year. I also wished I would have done more research on the neighbors- there are way too many run down mobiles in my neighborhood. Keep in mind that realtors are much like car salesmen; some are good and honest, but there are plenty that will lie and omit details to make a buck at your expense.What's piered?
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