Advantages of purchasing real estate in Oran, Missouri could include:

1. Affordability - The cost of living in Oran is generally lower than in larger cities.

2. Peaceful and friendly community - Oran has a tight-knit community where residents often work together to build a better environment, and newcomers are welcomed with open arms.

3. Access to outdoor activities - Oran's location near the Mississippi River offers plenty of opportunities for outdoor activities like boating, fishing, and camping.

However, there are also a few disadvantages to keep in mind:

1. Limited job opportunities - Due to its small size, job opportunities in Oran may be limited, which may require residents to commute to nearby cities for work.

2. Limited amenities - As a small village, Oran may not have as many amenities as larger cities, such as a variety of shopping and dining options.

3. Limited access to healthcare - Oran doesn't have a hospital or large medical center, so residents may need to travel to nearby cities for healthcare services.

4. Natural disasters - Missouri is prone to natural disasters like tornadoes, so potential residents should be aware of the risks and take precautions to protect themselves and their property.

Overall, whether Oran is a good place to buy real estate depends on personal preferences and specific needs. It's always a good idea to conduct due diligence before making such a significant investment.