Wallis, Texas is a small village located in Austin County. Here are some potential pros and cons of buying a property there:

Pros:
- Affordability: Wallis, Texas is located in a rural area, so property values may be more affordable compared to bigger cities.
- Peace and quiet: If you're looking for a place to escape the hustle and bustle of the city, Wallis may be a good choice.
- Small town community: Wallis is a small town with a close-knit community.

Cons:
- Rural location: If you prefer city living, Wallis may be too quiet or remote for your liking.
- Fewer amenities: Since Wallis is a small village, it may have fewer stores, restaurants, and other amenities compared to bigger cities.
- Limited job opportunities: If you plan to work in a specific industry, you may want to research job opportunities in the Wallis area beforehand.

Keep in mind that these are just a few potential pros and cons - you should also do your own research and visit the area to get a better sense of whether it is the right location for you.