It's important to keep in mind that any decision to purchase real estate should be based on careful consideration of your individual circumstances and needs. That being said, here are some general pros and cons of purchasing real estate in the village of Atwood, Illinois:

Pros:
- Atwood has a relatively low cost of living, which can make real estate more affordable compared to other areas with higher costs of living.
- The village has a population of around 1,200 people, making it a small and tight-knit community where residents can get to know one another.
- The village is located in a rural area with beautiful natural surroundings, which can provide a peaceful and relaxing atmosphere.
- Atwood has a low crime rate, making it a relatively safe place to live.

Cons:
- Atwood is a small village, so it may not offer as many amenities as more populous areas. For example, there may be fewer job opportunities, shopping options, and restaurants.
- The rural location of Atwood may not be appealing to those who prefer the hustle and bustle of city life.
- The weather in Atwood can be unpredictable, with cold winters and hot summers, which may not be suitable for everyone.
- Real estate in Atwood may not appreciate in value as quickly or substantially as real estate in other areas with stronger real estate markets.

Ultimately, it's important to weigh the pros and cons and to explore the real estate market in Atwood in more detail to make an informed decision about purchasing property in the village.