Here are some potential advantages and disadvantages of buying property in the village of Wolcott, New York:

Advantages:
- Affordability: Compared to other areas of New York, property in Wolcott may be more affordable, particularly for those looking for a rural or small town lifestyle.
- Outdoor Recreation: The area around Wolcott offers many opportunities for outdoor recreation, particularly around Lake Ontario and the Montezuma National Wildlife Refuge, which may be a draw for nature-lovers.
- Quiet, Rural Lifestyle: For those seeking a quieter, more laid-back lifestyle, Wolcott may be a good option. The village has a small population and is surrounded by farmland, so it may feel more like a rural community than a suburb or city.

Disadvantages:
- Winter Weather: Like much of upstate New York, Wolcott experiences cold, snowy winters that may be a turnoff for some buyers.
- Limited Amenities: Wolcott is a small village and may not have as many amenities or services as larger towns or cities. For example, there may be limited options for dining, shopping or entertainment.
- Limited Job Opportunities: Those looking for work may find it challenging to find jobs in the Wolcott area, particularly those in certain industries or professions. Thus, commuting may be a necessity.

Note that the advantages and disadvantages of buying property in Wolcott, New York will vary depending on individual needs, preferences, and circumstances.