Viewing a house that is advertised by my LA?

Chris2685

Kind of a hypothetical one here, but I would be interested to know people's thoughts all the same.
I have seen a house for sale that I might be interested in going to view, but I am a bit worried about going because it is being marketed by my Letting Agents. Would they be bothered by this? I worry because we may not decide to buy anything (won't buy unless we get a significant discount on asking price anyway!) but they may take it as a sign that we are unstable tenants and try and find new ones or something... Our tenancy agreement has another 8 months or so left on it.

Anyone got any ideas whether there are rules surrounding this type of thing?

Chris2685

No one got any ideas?

MX5huggy

Go and have a look, you have 8mths before they could get you out and by then they will have forgotten. The LA would be happy to sell the house to anyone.

poppysarah

Have you got a decent deposit saved?
Are you serious buyers or would you just like to look at properties you can't afford?

If you're really just dreaming then go look at houses through other agents...
If you're serious then go look.

Chris2685

I am getting closer to serious...

This place has dropped from an asking price of 250k in August 2008 to an asking price of 180k now.

If they would accept 160/165 then I would seriously look into it.

I just want to know if there is a chance they will search for replacement tenants if we do go and view houses... There is a 6 month break clause in our tenancy agreement so they can kick us out anytime (with sufficient notice) after that, and I think there are circumstances where they can kick us out sooner.

poppysarah

How much deposit do you have?

Chris2685

I would be looking at putting down a 10% deposit, but could do 15% to save a few pennies I suppose...

I don't see why that is relevant to my question though? :S

poppysarah

If you're seriously looking at buying then there's nothing wrong with looking.
Your LA might raise an eyebrow if you've got 8 months to run - but as long as you are aware of that amount of rent you'd possible have to fork out if you found somewhere you wanted right now.

Chris2685

By the time the whole buying process was done it would probably take a couple of months or so anyway... So by then we could just give them a months notice...

I probably won't get a mortgage approved anyway with the way things are at the moment...

Thanks for your comments.

poppysarah

8 months is a bit more than a couple of months...

Chris2685

How do you mean? There is a 6 month break-clause which means that after 6 months we only need to give 1 months notice before we leave.