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The phrase "looking at buying" is correct and usable in written English.
You can use it when you are considering purchasing something, for instance, "I've been looking at buying a new car, but I'm not sure if I want to commit yet."
Exact(48)
"But now I'm looking at buying a used car.
"I had been looking at buying apartments in the city," he said.
On Monday it was reported to be looking at buying patents from Nortel Networks, for example.
I would rather be looking at buying assets now on the equity side.
"We have no such interest in looking at buying Satyam or anything like that.
Mr Hammond said most interest was from British companies looking at buying parts or the whole of the business.
Similar(12)
He looked at buying Chicago magazine, but was outbid.
"I can't look at buying a house".
K.K.R. had also looked at buying the company through its private equity unit, but was outbid.
Alternatively, look at buying a once-worn dress from websites such as www.thedressmarket.net.net
Time Warner has looked at buying NBC Universal, according to executives at the media company, who are not authorized to speak publicly.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com