Advantages of buying property in Parker, Texas include:

1. Strong economy - The town of Parker is a part of the thriving Dallas-Fort Worth Metroplex, which has a growing economy that offers many job opportunities to its residents.
2. Great schools - Parker is served by one of the best school districts in Texas, Plano Independent School District, which has high-test scores and a reputation for academic excellence.
3. Low crime - Parker has a lower crime rate compared to the national average, making it a safer place to live.
4. Peaceful living - With its countryside setting, Parker offers a peaceful living environment that is more isolated than nearby suburban cities.

Disadvantages of buying property in Parker, Texas include:

1. Higher cost of living - Parker has a higher cost of living compared to other parts of Texas, including higher housing prices, property taxes, and home insurance rates.
2. Limited entertainment options - Being a smaller town, there are not as many entertainment options available in Parker, which could be a drawback for those looking for a more vibrant nightlife.
3. Distance from major cities - While Parker is only a few miles from the Dallas-Fort Worth Metroplex, it is still considered more of a countryside location, which could be a disadvantage for those who want to live closer to the city.