It's best to plant it in the spring or fall. If you get a potted plant, you can plant at any time, but you'll have to make sure it's watered regularly. Apply a mulch around the tree to help it retain water & keep out weeds.
Cercis canadensis L. (Eastern Redbud) IS a beautiful tree:
http://en.wikipedia.org/wiki/Eastern_Redbud
Thought you'd enjoy this Tree Growers Diary :
http://treegrowersdiary.com/easternredbud.html
This redbud does well in full sun, partial shade.The Eastern Redbud grows in acidic, alkaline, loamy, moist, rich, sandy, well drained, wide range, clay soils.
http://www.arborday.org/trees/treeguide/TreeDetail.cfm?ID=6
"They need some cold weather to form flower buds, but in the northern parts of zone 5, they should probably be planted in a protected area for the best bloom. Although the redbud will tolerate partial shade it blooms best in sunny locations, particularly in the north. Redbuds tolerate a wide range of soil conditions as long as the area is well drained; they will not grow in wet areas. Redbud trees are excellent for naturalized settings, at the edge of woodlands. They are beautiful against a background of dark evergreens."
http://www.gardenandhearth.com/Plant-Guides/Redbud-Trees.htm
Here's a nice variety: Cercis canadensis 'Forest Pansy' :
http://www.mobot.org/gardeninghelp/plantfinder/Plant.asp?code=R400
Good Luck! Hope this is helpful.
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