Here are some potential pros and cons of buying property in East Petersburg, Pennsylvania:

Pros:
- East Petersburg is a small town that is known for its community events and activities, which could be appealing if you like a close-knit community feel.
- The town is situated close to several larger cities, including Lancaster and Harrisburg, which could provide access to job opportunities and entertainment options.
- The cost of living in East Petersburg is generally lower than in many nearby communities, which could make it a more appealing option for those who are budget-conscious.
- East Petersburg has a strong school system, which could be attractive to families with children.

Cons:
- East Petersburg is a small town, which means that there may be limited job opportunities available in the immediate area.
- While the cost of living is lower than in larger cities, it may still be relatively high compared to other small towns in the region.
- East Petersburg is prone to natural disasters such as floods, which could pose risks for property owners.
- As with any town or city, the specific neighborhood in which you purchase a property could also have a big impact on your overall experience living there. So, careful research and selection are advised.

It is important to remember that these are generalizations, and the specific circumstances of a property can have a significant impact on its pros and cons.