We use PPC on both Y and G, with different ad campaigns! We don't use PPC on MSN since we are page 1 and 2 for our keywords (we were at the top spots for a few days, but somehow all our backlinks dissappeared and we dropped a few spots).
Since we do not come up in the searches for either of those engines (Y & G), I figured that was the best way to promote (we have an advertising budget and rather than advertise in print which is way more expensive than PPC we opted to test market this way).
It is working tremendously for us and I continually monitor and bump our advertising when I must!
We will keep our PPC until we begin to show up in the search engines (I could really use some help getting us there *hint hint* ), perhaps longer if we get really busy.
Heck I wish we could afford to hire someone to do our SEO and link exchange for us and get us page 1 quicker, but these SEO guys and gals are just way too expensive for us at the moment. Although, if someone wanted to take us on as a client on spec, I would certainly sign up for that *hint hint*

and help promote them in exchange

(I can reach over 7000 offices with a single click!)
I disagree completely that paying for PPC is of no value. If you are in real estate, you are paying for advertising some how. The internet can reach far more people than any affordable print advertising.
Our ads show up all over the place on many related (as well as unrelated sometimes) websites. We've been told by our customers they found us on several websites they were visiting and clicked over to us since we were popping up so often.
Sure it costs me money when they click there, but what's a dollar or two on a click when we just made our commission on a sale
Oh, and btw:
Conversion technique is key to weeding out false leads and turning good leads into customers and sales. On another website I owned for 10 years I learned how to weed out 'looky loos' from good prospects and brought that knowledge with me into our Real Estate business.
It works and is fool proof, and goes against everything we have been taught about prospecting in Real Estate! So I'm not changing!
Our office manager disagrees with us in how we convert our leads, but our broker says 'If it works, keep doing it'. Bottom line: It's working.
To date (20 days, only counting the new REW site) we have converted 80% of our contacts to working prospects!
That's a pretty darn good conversion rate! I'm sure as time goes by and we get more and more visitors and contact forms submnitted, this number will drop.
I'm not talking about visitors, I'm talking about people who actually phone or contact us!
We track every call and email we get. We know exactly where people are finding us and how! If you are not doing this, your are doing a great disservice to your business.
Good luck everyone
