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Should I keep hope or is it a lost cause?

So I'm a first time homebuyer and I just happened to choose the most interesting time to shop! I've been renting an apartment with a roommate for about 2 years now and I'm definitely wanting my own place. My roommate will still be living with me paying rent as we'll draw up our own contract. I've been looking around since late 2020. My lease is up in July 2021 so I had chosen my main actual shopping to be around April-June. I am already pre-approved and my realtor has been very proactive in giving advice and showing me new listing. So around mid March I found the perfect home for me. Right size, price, and location. I immediately put in a very good bid but I got out bid by one person. But they said they still wanted me as a back up. So now fast forward to April. Apparently the appraisal came back lower than their offer and they couldn't get the mortgage loan. But they asked for an extension on closing. The sellers were reluctant as they wanted to close fast but agreed. My realtor stayed in contact and it had seemed they just didn't have the funds. They were supposed to close yesterday but then moved it to Friday and now it's been moved to next Thursday. They basically told me if it falls thru the house goes to me. I really want this house but I am just so frustrated at not getting an answer. If it was a done deal I could move on but I keep looking at other homes and thinking "what if it falls thru". Neither me or my realtor have any experience in a situation like this one, does anyone have any advice on what I should expect or do?

submitted by /u/maneway
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source https://www.reddit.com/r/RealEstate/comments/n1i3nx/should_i_keep_hope_or_is_it_a_lost_cause/
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