California. Five days ago, we signed a contract to sell our house, and since then the buyer has conducted the physical inspection. However, we now regret the decision to sell (this is a very long story involving crying children and insecure employment). We feel very bad about backing out, but nevertheless are seriously considering doing so. We would of course reimburse the buyer for the inspection expense. My question: what can happen if we back out? Will we be in a lot of legal trouble? Are there specific laws dealing with this situation?