As exciting as purchasing your first home may have been, shopping for your second can bring an even bigger thrill—after all, now’s your opportunity to find a place that improves on any downsides your current one may have.

But while you may be more familiar with the basic steps of the homebuying process, reality is that it isn’t quite the same. Whether you’re upsizing, downsizing, or simply looking for a change, here’s what you should keep in mind as a second-time buyer.

You may need to sell and buy simultaneously

One of the biggest differences the second time around is that you’re likely trying to sell your current home while purchasing a new one. That means you’ll need to finagle your timeline, finances, and logistics even more carefully than before. Some buyers choose to sell first and rent temporarily to avoid rushing their decision, while others prefer to buy first and then list their current home. The former can work well in a buyer’s market, when there is plenty of inventory and low competition, and the latter in a seller’s market, when your home may sell in a snap due to high demand. If buying first, just keep in mind that you would have to carry two mortgages at once for a short time, which can get tricky should your listing end up sitting for a while.

No matter your approach, working closely with a real estate agent is key. They can help you create a strategy that lines up your transactions in the smoothest way possible, offering guidance on everything from negotiating price to crafting contingencies—such as to protect your purchase or sale if the other falls through—to timing your two closings¬, even on the same day, if possible.

Your equity can work in your favor

As a result of making payments on your mortgage, you now have equity in your current home that can be put toward your next down payment. That can make a big difference in how much you’re able to afford and how competitive your offer can be. Note, however, that you generally won’t have access to those funds until your home sells, so it’s important to explore your financing options early. Some lenders offer bridge loans or home equity lines of credit (HELOCs) to help cover the gap if you plan to buy before you sell. Talking with a mortgage professional before you begin house hunting can help you understand your budget and borrowing power based on your current home’s value, the market, and your goals.

You may be a touch overconfident

Having gone through the homebuying process before, you may feel more confident navigating the paperwork and steps involved. But it’s still crucial to stay organized and lean on your agent for guidance. Not only does every transaction have its own unique twists, but market conditions may also have changed since the last time you bought, leading to a completely different experience this time.

Like with your first purchase, stick to the basics, including getting preapproved before shopping, understanding the closing costs and fees, and reviewing the inspection results carefully. Even the most experienced buyers can overlook details when juggling multiple moving parts, so don’t be afraid to ask questions or slow things down if needed.

Your needs and priorities may have changed

When you bought your first home, you were likely focused on different needs—maybe you simply prioritized getting into the market or finding a home you could afford. But now your lifestyle may have shifted, with other essentials becoming more important. Whether you’re looking for more space, better schools, a shorter commute, or less maintenance, you’ll want to reassess what really matters to you in your next home. This is also a good time to think long term; consider whether a potential house could meet your needs for the next five to ten years, allowing you to avoid having to move again too soon. Such thoughtful deliberation will help you narrow down your search and peruse options that best fit your goals.

You might be buying with more emotion this time

second-time buyers may come into the process with more personal stakes than before. Perhaps the first was your starter home and you’re now seeking a “forever home,” trying to find a better space for your growing family. Or you might be downsizing after a major life change, which can make parting with your current place more difficult than expected.

These emotional factors can influence how you evaluate properties, making it even more essential to stay grounded in your goals and budget. Try to view homes with an objective eye to avoid getting too attached or too critical before you’ve weighed all the pros and cons. Your agent can be a helpful sounding board to keep your decision-making balanced.

You’re in a stronger position—use it wisely

With a previous home purchase under your belt, you’ve already proven you can navigate this process. Use that knowledge to your advantage—stay proactive, think strategically, and trust your instincts while still leaving room for expert advice. The second time around might bring more complexity, but it also comes with the confidence of knowing you can get through it successfully.