I can help you with that. Here are some advantages and disadvantages of purchasing real estate in the village of Buffalo, Indiana:

Advantages:
1. Lower cost of living: The cost of living in a smaller village like Buffalo, Indiana is often lower than in larger cities. This means that real estate prices are typically more affordable.

2. Peaceful and quiet: Village life is generally quieter and more peaceful than a city which can be appealing for those who prefer a slower pace of life.

3. Community: Small towns foster a sense of community where people know each other and often work together for the betterment of the community.

Disadvantages:
1. Limited job opportunities: Small towns like Buffalo may have limited job opportunities compared to larger cities, making it harder to find work.

2. Limited amenities: Small towns may have limited access to amenities like shopping malls, restaurants and healthcare facilities.

3. Remote location: Village life is often located far from big cities, limiting access to cultural and entertainment options.

It is important to consider all of these factors when deciding where to purchase real estate.