What does Ruth 4:3 mean?

He said to the man who was next in line to redeem Naomi's family land, 'Naomi, who's come back from Moab, is selling the piece of land that belonged to our relative Elimelech.' Ruth 4:3 - Modern Text Bible

(Boaz explains the situation: Naomi is selling her late husband's land, and the closest relative has the first right to buy it.)