Pros of purchasing real estate in Parksley, Virginia may include:

1. Affordability: Compared to more urban areas, the cost of living in Parksley can be quite affordable, including housing costs.

2. Rural Charm: Parksley is a small village which can offer a slower paced rural lifestyle with access to natural surroundings and outdoor activities.

3. History and Culture: Parksley offers a glimpse into the old-world charm of an 1800s town center, and has several historic sites and cultural events throughout the year.

4. Proximity to Beaches: Parksley is located near beaches that can be easily accessed by car for a day trip or weekend getaway.

Cons of purchasing real estate in Parksley, Virginia may include:

1. Limited Job Opportunities: The rural nature of Parksley can limit employment opportunities compared to more urban areas, so job hunting may be more challenging.

2. Limited Entertainment/ Dining Options: Due to its small size, there may be limited entertainment or dining options in the village.

3. Distance from major cities: Parksley is a small village located between Salisbury, Maryland and Norfolk, Virginia, which are approximately 1.5 hours away by car.

4. Extreme Weather: Parksley and Accomack County generally experience similar weather patterns as other coastal areas on the Atlantic, which include hurricanes, intense thunderstorms, and other severe weather events that can impact property and local infrastructure.