You can have an appraisal done. An appraisal can cost about $450. The fee is non-refundable, so you may first wish to have a real estate agent perform a market valuation on the home to give you an idea of what similar homes have been selling for in the past six months.
This will tell you if the list price of the home is high, low or at market value. There should be no cost to you for this market valuation. If an agent charges, find a new agent.
As for the appraisal, you can negotiate it into the contract as well as ask for the Seller to pay this in addition to other closing costs. This way, if something comes up during the home inspection or your financing unexpectedly falls through, you're not stuck paying for an appraisal that the Seller can now use for their next Buyer.
I wish you the best on the purchase of your new home.
Syan Real Estate
Call.Text: (505) 730-8181
Instead of forking over your money right now for an appraisal, have a real estate agent pull comps for you first to get an idea of what the home is worth.
If you're financing the purchase there is no reason for you to order an appraisal until after you're under contract at which point the appraisal will be ordered by your lender.