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In this hot housing market, it can be easy to blow your budget.

That’s why you have to have a clear plan in place before you start looking for your next home, experts say.

“If you don’t go in with a clear budget in terms of what it is you can comfortably spend, you get attached — especially if you find a house that speaks to you,” said Philadelphia-based certified financial planner Jocelyn Wright, managing partner at PF Wealth Management Group.

“We have to be willing to walk away.”

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Competition is tough due to low inventory of housing on the market. That means there are often bidding wars, driving up house prices. In March, prices were 13.2% higher than the same month a…

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