Pros of purchasing real estate in the village of Greenwood, Delaware may include:

1. Affordability - Properties in Greenwood may be more affordable compared to properties in neighboring towns/cities.

2. Peaceful living - Greenwood is a small village with a laid-back lifestyle which may provide a peaceful living environment for some people.

3. Rural charm - The village may still have its rural charm with farmland and wide-open spaces.

4. Proximity to major cities - Greenwood is located close to major urban areas such as Wilmington, Baltimore, and Philadelphia.

Cons of purchasing real estate in the village of Greenwood, Delaware may include:

1. Limited amenities - Since the village is small, it may have limited amenities such as shopping centers, restaurants, and entertainment options.

2. Limited job opportunities - Greenwood may not have a diverse job market and may not offer many job opportunities.

3. Commuting distance - Due to its rural location, it may require a long commute to reach major urban areas.

4. Limited diversity - The village may have a limited population and may be lacking in diversity.