Advantages of purchasing real estate in the village of Wagram, North Carolina may include:

1. Affordability - Real estate in Wagram tends to be more affordable than in larger nearby cities, which may make it attractive to people who want to purchase a property at a lower price.

2. Peaceful living - Wagram is a small village located away from the hustle and bustle of larger cities, which may appeal to people who prefer a quieter lifestyle.

3. Easy access to nature - Wagram is located near the Lumber River, which offers outdoor recreational activities such as fishing, kayaking, and hiking.

Disadvantages of purchasing real estate in Wagram may include:

1. Limited job opportunities - Because Wagram is a small village, there may be limited job opportunities, making it more difficult for people to find employment.

2. Lack of amenities - Wagram may not offer as many amenities as larger cities, such as shopping centers or restaurants.

3. Distance from larger cities - Wagram is located a considerable distance away from larger cities, which may make it less convenient to travel to and from places like Raleigh or Fayetteville, where people may work or shop more often.

It's important to do your research and assess your own priorities when considering purchasing real estate in Wagram or any other location.