Here are some potential pros and cons of purchasing real estate in the village of North Bend, Nebraska:

Pros:
- Cost of living: the cost of living in North Bend is relatively low compared to other areas, which could make it an affordable place to live.
- Small community: if you prefer a tight-knit, close community, North Bend could be a great fit.
- Proximity to larger cities: North Bend is located within driving distance of Omaha and Lincoln, which could provide access to job opportunities and entertainment options.

Cons:
- Limited job options: the small size of North Bend means there may be fewer job opportunities available.
- Limited entertainment options: similarly, the town's small size may mean there are limited entertainment options available without leaving town.
- Extreme weather: like much of Nebraska, North Bend can experience harsh winters and hot summers, which may be a drawback for some.

It is important to note that these pros and cons are not comprehensive and that there may be other factors to consider if you are thinking about purchasing real estate in North Bend. It is always a good idea to research the area thoroughly and consult with a local real estate professional before making any major financial decisions.