Living in Greenwood is great for many reasons. First, the cost of living is quite low, making it more affordable to live here than many other places. Also, there are plenty of outdoor activities available, such as fishing and hiking, which makes it a great place to get outdoors and enjoy nature. The only downside is that there are not many job opportunities in the area, so if you're looking for work you may have to look elsewhere.

Here are some potential pros and cons of buying property in Greenwood, Arkansas:

Pros:
- Affordability: Greenwood, Arkansas generally has a lower cost of living compared to other parts of the country, which may mean housing is more affordable as well.
- Strong community: Some people appreciate the close-knit and friendly community of smaller towns like Greenwood.
- Good schools: Greenwood's school district has a good reputation, which may make it attractive to families with children.
- Scenic beauty: Arkansas is known for its natural beauty, and Greenwood is located in an area with ample opportunities for outdoor recreation.

Cons:
- Limited job opportunities: If you're looking for employment, note that the job market may be limited in a smaller town like Greenwood.
- Possible lack of amenities: Smaller towns may not have as many amenities as larger cities. Greenwood does have some basic amenities, but if you're used to a wide variety of shopping, dining, or entertainment options, you may find it lacking.
- Risk of natural disasters: Arkansas is prone to natural disasters like tornadoes and flooding, which may be a concern for some buyers.
- Distance from major cities: Greenwood is not particularly close to any major cities - the closest larger city is Fort Smith (about 10 miles away), but other major metropolitan areas like Little Rock, Tulsa, or Dallas are all several hours' drive away.

Of course, whether these factors are pros or cons will depend on your specific situation and priorities. It's always a good idea to thoroughly research an area before making a decision about buying property there.