Can a home seller sue the buyer for damages incurred if they back out of a home purchase less than 3 days from closing?

Question Details: If suing can be done, then what can the seller hope to recover? The seller lost a potential buyer, to accept a lesser cash offer. No earnest money provided. All inspection items covered by $5,000 additional reduction provided by seller, requested by buyer, signed by both parties stipulating any further repairs to be responsibility of buyer. All documents properly signed and 3 days prior to closing, the buyer requested termination papers with reason being that the taxes, HOA fees and insurance were too high and he didn't realize these things and could no longer afford the purchase. What recourse does the seller have?

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